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The severity of the situation commenced to be evident in mid-2001 as a number of analysts started to dig into the small print of Enron’s publicly unveiled financial statements.

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Even so, its downfall in 2001 disclosed common accounting fraud and led on the personal bankruptcy of the corporation, leaving A huge number of workforce jobless and wiping out billions of dollars in shareholder worth.

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The trades authorized the producers to mitigate the potential risk of Electrical power-rate fluctuations by correcting the providing cost of their merchandise via a contract negotiated by Enron for a charge.