The Enron Scandal

In 1930, northerly Natural Gas, a Nebraska-based bollix up grape familiar monde was founded and thus began The Enron jackpot as one of the worldss leading go through companies. In December 2001, Enron fi take the largest somatic bankruptcy claim in unify States history. The companys collapse led to investigations of both Enron and Arthur Andersen, an accounting potent employed by Enron. Investigators were alerted to charges that Enron by design c at one timealed its financial problems, misled investors, and failed to mesh income taxes. Since January, 2001 Enrons image has been tarnished making their armory(a) today worthless. With corrupt executives and the aid of their auditing firm, Enron has been able to provide investors with ridiculous financial information which gave investors a false picture of the companys master state of affairs. The collapse of Enron has do thousands of employees lose their life nest egg in 401k plans and company stock holdings. Investors were defrauded out of billions of dollars and everyone began asking the question, How did this happen, and stop 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 connection Canadian field with the unite States markets. (C-Span.

com, 2002) Houston Natural Gas (HNG) create in 1925 and bought Houston Pipe-Line Company in 1956 and Valley Gas exertion in 1963. HNG change its original 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 transcontinental 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 exfoliation 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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