Introduction
There are a lot of things that people should know and needs to investigate to make better decisions. Enron’s case is one of those. Through this work and through the investigation we discovered how a company with great projection and performance was being manipulated from their financial statements to create a false representation of the reality. There it is involved financial people as politicians that work in favor of Enron. I do invite you to read carefully and to understand that not always you need to be confident on anything other said.
As we go further, we are going to understand that Enron’s case goes beyond corporate history. It will remain as one or the most important fraud case in the recent years.
The history, development, and growth of ENRON over time
Enron Corporation was one of the largest global energy, services and commodities company. Before it was filed bankruptcy under chapter 11, it sold natural gas and electricity, delivered energy and other commodities such as bandwidth internet connection, and provided risk management and financial services to the clients around the world.
Enron was based in Houston, Texas, and was founded in July 1985 (though company with Enron name emerged still in 1930 (Swatz, Watkins, 2003)) by the merger of Inter North of Omaha in Nebraska, and Houston Natural Gas. Enron Company quickly developed from merely delivering energy to brokering energy futures contracts on deregulated energy markets. In 1994, the company started to sell electricity, and in 1995, it entered European energy market. By the middle 2001, Enron employed about 30,000 people globally.
Questionable accounting methods and techniques provided Enron with possibility to be listed as seventh largest United ...