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Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger.
Also available on the flashy new Enron site is a selection of clothing items on the company store which include stickers ($5), beanies ($30), T-shirts ($40), puffer vests ($89) and hoodies for ($118).
In the long history of financial frauds, Enron ranks near the top of the list, with the once high-flying energy trading company suddenly unraveling in a web of lies and accounting sleight-of-hand ...
Enron logo. The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, leading to its accounting firm, Arthur Andersen, then one of the five largest in the world, dissolving. In addition to being the largest ...
On August 15, 2001, Sherron Watkins, Vice President of Corporate Development at Enron, wrote an anonymous letter to Kenneth Lay sharing her concerns about the company's accounting practices, and cited Baxter's prior complaints to Jeffrey Skilling, Andrew Fastow, and other Enron executives regarding what he considered Enron's unethical and possible illegal transactions.
Enron employees leave the headquarters building in 2002 in downtown Houston, Texas. The company appears to have been relaunched as of Dec. 2, 2024 as an elaborate joke more than 20 years after it ...
An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001.
Then Enron would sell the "excess" power to the state at a premium. "Ricochet": Also called "megawatt-laundering" (by analogy to money laundering ), Ricochet was the power equivalent of a land flip : buy in-state power cheaply, flip it out-of-state to an intermediary, then re-sell it to California at a highly inflated "imported" price.