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Several Enron executives were being indicted on various costs and were afterwards sentenced to prison. Notably, in look at this now 2006, each Skilling and Lay were convicted of conspiracy and fraud expenses.
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Downfall and personal bankruptcy: Given that the boom years finished and Enron faced increased competition during the Electrical power investing organization, the organization’s revenue shrank quickly. Under pressure from shareholders, business executives began to depend on doubtful accounting tactics, like a method known as “mark-to-market accounting,” to hide the troubles.
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