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Under Skilling’s leadership, Enron quickly dominated the market for natural fuel contracts, and the corporation began to produce substantial gains on its trades.
Enron was founded in 1985 by Kenneth Lay inside the merger of two natural gas transmission companies, Houston Purely natural Gas Corporation and InterNorth, Inc.; the merged organization, HNG InterNorth, was renamed Enron in 1986. After the U.S. Congress adopted a series of guidelines to deregulate the sale of pure fuel inside the early 1990s, the corporation shed its special appropriate to function its pipelines.
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Spotlight the main accounting practices Enron utilized to hide its monetary losses and inflate its earnings.
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