Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2001
Enron accounting scandal
Enron used complex partnerships, aggressive valuations, mark-to-market accounting, and undisclosed transactions to conceal losses and liabilities and overstate its financial performance.
2001
Conflicts involving special-purpose entities
Entities associated with chief financial officer Andrew Fastow were used in transactions with Enron, creating conflicts of interest and helping obscure the company’s financial condition.
2001
Enron Oil fraud
Earlier losses in Enron’s petroleum-marketing operation were concealed, and two executives later pleaded guilty to fraud-related charges.