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Fortune named Enron "America's Most Innovative Company" for six consecutive years. It achieved infamy at the end of 2001, when it was revealed that its reported financial condition was sustained mostly by institutionalized, systematic, and creatively planned accounting fraud" (Wikipedia). After the scandal the lawsuit against Enron's directors was settled when the directors paid large amounts of personal money. "In addition, the scandal caused the dissolution of the Arthur Andersen accounting firm, which had effects on the wider business world" (Wikipedia). Enron remains an asset-less shell corporation...
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