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Although many organizations distributed property to SPEs, Enron abused the observe by utilizing SPEs as dump sites for its troubled assets.
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Using the help of Jeffrey Skilling, who was at first a expert and later on turned the corporate’s chief functioning officer, Enron remodeled visit this site right here alone right into a trader of Strength by-product contracts, performing being an middleman among all-natural gas producers as well as their clients.
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