Beneath Skilling’s leadership, Enron shortly dominated the marketplace for natural gas contracts, and the corporation started to crank out massive income on its trades.
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Even though lots of organizations distributed assets to SPEs, Enron abused the exercise by using SPEs as dump websites for its troubled property.
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Mark-to-current market accounting permitted the company to write unrealized upcoming gains from some investing contracts into present earnings statements, thus supplying the illusion of greater latest profits.
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