The Enron Scandal

In 1930, blue Natural Gas, a Nebraska-based spoil credit line tribal sheik monde was founded and thus began The Enron participation as one of the worldss leading go across companies. In December 2001, Enron fi direct the largest integrated bankruptcy claim in unite States history. The companys collapse led to investigations of both Enron and Arthur Andersen, an accounting bulletproof employed by Enron. Investigators were alerted to charges that Enron designedly c one timealed its financial problems, misled investors, and failed to prosecute income taxes. Since January, 2001 Enrons image has been tarnished making their worn today worthless. With corrupt executives and the bind of their auditing firm, Enron has been able to provide investors with ill-judged financial information which gave investors a false picture of the companys sure state of affairs. The collapse of Enron has do thousands of employees lose their life savings in 401k plans and company armoury holdings. Investors were defrauded out of billions of dollars and everyone began asking the question, How did this happen, and enkindle we prevent this from happening once again? go with History The Enron Corporation was renamed InterNorth in 1980 and bought Belco Petroleum in 1983. InterNorth also helped pee the Northern Border Pipeline to cogitate Canadian field with the get together States markets. (C-Span.

com, 2002) Houston Natural Gas (HNG) organise in 1925 and bought Houston Pipe-Line Company in 1956 and Valley Gas yield in 1963. HNG change its pilot distribution properties to Entex in 1976. In 1984, the executives refocused HNG on vivid gas and added Transwestern Pipe-line and Florida Gas Transmission. (WashingtonPost.com, 2002) By 1985, HNG operated the only continental gas pipeline. In 1985, InterNorth bought HNG, creating the United States largest natural gas pipeline system. Once these companies merged, it was renamed Enron. The home shield were then moved from Omaha to Houston. In 1992, Enron and three... If you want to get a full essay, order it on our website: Orderessay

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