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Having said that, its downfall in 2001 discovered prevalent accounting fraud and led into the personal bankruptcy of the business, leaving Countless workforce jobless and wiping out billions of bucks in shareholder price.
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Underneath Skilling’s leadership, Enron before long dominated the market for purely natural gas contracts, and the organization started to create massive revenue on its trades.
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Numerous Enron executives ended up indicted on many different fees and had been later sentenced to prison. Notably, in 2006, the two Skilling and Lay had been convicted of conspiracy and fraud rates.
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