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Transferring Individuals belongings to SPEs intended which they had been retained off Enron’s books, producing its losses appear less extreme than they definitely were.
Under Skilling’s Management, Enron soon dominated the market for natural gas contracts, and the corporation started to generate huge revenue on its trades.
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The severity of the specific situation commenced to be clear in mid-2001 as quite a few analysts started to dig into the small print of Enron’s publicly helpful hints launched economic statements.
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