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Although several companies distributed property to SPEs, Enron abused the practice by using SPEs as dump websites for its troubled belongings.
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The severity of your situation began to be obvious in mid-2001 as quite a few analysts began to dig into the small print of Enron’s publicly introduced financial statements.
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Below Skilling’s Management, Enron soon dominated the marketplace for purely natural gas contracts, and the corporation started to make huge revenue on its trades.
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