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Its European operations filed for bankruptcy on November 30, 2001, and it sought Chapter 11 protection in the U.S. two days later, on December 2.
Enron Corp. imploded in 2001 partially because it was saddled with overvalued international assets that crippled its liquidity, a problem known to then-Chief Executive Jeff Skilling but not to most outside investors...
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Currently Jeff Skilling is under trial and prosecutors are still searching for the truth.
However, The Accounting firm Andersen is guilty of obstructing justice. It provided a moment of vindication for investors who lost more than $60 billion in the spectacular collapse of Enron, whose books had been audited by Andersen...
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November Rain
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November
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