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By, doing this the company was able to deceive buyers of the stock of the actual worth of the stock and would continue to take the hug debits that they had off of the record books. They did this to try and bring in more money to the company even though they were posting losses year after year. They were also hiding this information so that they could continue to borrow money from creditors so that they could attempt to run their business...
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They were also hiding this information so that they could continue to borrow money from creditors so that they could attempt to run their business. This is just the beginning of the company's deceit to its 20,000 employees. Enron barred them from selling Enron shares from their retirement accounts last fall as the stock price plunged, saying the accounts were being switched to a new plan administrator...
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