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On the other hand, its downfall in 2001 disclosed common accounting fraud and led to the personal bankruptcy of the corporation, leaving 1000s of employees jobless and wiping out billions of pounds in shareholder benefit.
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The collapse of Enron, which held in excess of $60 billion in property, concerned certainly one of the greatest personal bankruptcy filings in the history from the United States, and it generated A lot debate and laws intended to increase accounting requirements and practices, with extensive-Long lasting repercussions within the monetary environment.
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