what was the enron scandal?

Question

I notice a lot of references to it, but don't know much about it

Answer 1

Bottom line went like this: The senior officers lied for about a year on the true value of their stock, they ran it up into the millions, then doing illegal insider trading they ripped off millions of dollars. They raped- literally raped- their own employee's retirement accounts from billions of dollars down to thousands of dollars. People who had millions of dollars when they retired, discovered they're entire life savings was down to like 25,000

Answer 2

If you make informed decisions and approach your penny stock investments with the same thoroughness that you’d use in your other investments, you too can unlock a whole lot of profit potential. Learn here https://tr.im/J4D8x

It’s absolutely true that penny stock investors can make very quick gains. Synutra International, Inc. (NASDAQ: SYUT) is a great example of a penny stock. This dairy-based, nutritional-products company has jumped from a little Bulletin Board operation to a billion dollar corporation. The company finally graduated from Over-the-Counter status to the NASDAQ Stock Market bringing with it 113% gains in less than two months.

This happens all the time and it’s how some of the best investors in the world became the richest investors in the world. Buying some shares for pennies on the dollar and selling at $10 or $20 is possibly the fastest way from being a hobby investor to a super investor

Answer 3

Buenos Aires is an incredible town; it's an surprising metropolis that looks a little like Europe, but by having an edgy Latin American angle and if you want to visit that city then take a peek with hotelbye . El Puerto Madero is a place well visited. It offered as the key slot of Buenos Aires throughout the late 19th century but know is turned into houses that might be applied as residences, restaurants, stores and other businesses and to provide this project a little bit of style, all roads in the region were named after women. Strolling through the Puerto Madero is a good way to invest a pleasing evening exactly like visiting El Obelisco. El Obelisco was built in 1936 to remember the 400th anniversary of the city founding and now is a must-see place from Buenos Aires.

Answer 4

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/16635
It's probably the best way to learn how to win with binary option

Answer 5

Th Enron Corp of Houston Texas was a large highly regarded corporation whose officers missused its funds and lied to the public and to its board about its financial status. When the fraud was revealed the company went defunct and several officers were tried and went to prison. All investors lost all their money, because the stock had been kept artificially high priced.

Answer 6

Insider trading in their stock. When an officer of the company knows when something is going to happen that will have an effect on the price of the stock, they either buy or sell their holdings before the event happens and usually make another fortune other than what they already have. The upcoming event may by good or bad and raise or lower the price of the shares and the officer knows what to do before it happens.

Answer 7

Rent the movie "The Smartest Guys in the Room." That will give you an overview of Enron's downfall.

Answer 8

On this site you find all the details about my favourite binary trading software http://tradingsignal.toptips.org

I like it because it's very easy to use: NO complex charts… NO baffling analysis... NO complicated methods... in fact nothing to learn at all! Check the site... (the proof videos are interesting)

Answer 9

A common misconception is that you will have to be a financial and business expert in order to successfully trade binary options. However, this is not true at all. Learn here https://tr.im/2vmof

Perhaps it’s true when it comes to traditional stocks trading but definitely not true in the case of binaries. You don’t have to be an expert to predict the movement of certain assets.

Answer 10

Enron Corporation is an American energy company based in Houston, Texas, United States. Before its bankruptcy in late 2001, Enron employed around 21,000 people and was one of the world's leading electricity, natural gas, pulp and paper, and communications companies, with claimed revenues of $101 billion in 2000. 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. 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. At the time, it was the biggest bankruptcy in U.S. history, and it cost 4,000 employees their jobs [1].

The lawsuit against Enron's directors, following the scandal, was notable in that the directors settled the suit by paying very significant amounts of money personally. In addition, the scandal caused the dissolution of the Arthur Andersen accounting firm, which had effects on the wider business world, as described in more detail below.

Enron still exists, operating a handful of key assets and making preparations for the sale or spin-off of remaining businesses. Enron emerged from bankruptcy in November of 2004 after one of the biggest and most complex bankruptcy cases in U.S. history. It has since become a popular symbol of willful corporate fraud and corruption.

Enron was formed in 1985, when Houston Natural Gas merged with Internorth in a transaction engineered by HNG CEO Kenneth Lay. Lay emerged as CEO of the new company and promptly renamed HNG/InterNorth as Enron Corporation, with headquarters in Houston rather than InterNorth/Northern Natural Gas's base in Omaha, Nebraska. Initially, the company was to be named Enteron, but when it was pointed out that the term approximated a word referring to the intestine, it was quickly shortened to "Enron."

Enron was originally involved in the transmission and distribution of electricity and gas throughout the United States and the development, construction, and operation of power plants, pipelines, and other infrastructure worldwide. However, within its first year after the merger, Enron was partnering in an oil well venture, with a company called Spectrum 7 whose chairman and CEO was George W. Bush, the son of then-Vice President George H. W. Bush. In 1998 Enron moved into the water sector, creating the Azurix Corporation, which it part-floated on the NYSE in June 1999. Azurix failed to break into the water utility market, and one of its major concessions, in Buenos Aires, Argentina, was a large-scale money loser. In April 2001 Enron announced its intention to break up Azurix and sell its assets.

Enron grew wealthy, it claimed, through its pioneering marketing and promotion of power and communications bandwidth commodities and related derivatives as tradable financial instruments, including exotic items such as weather derivatives. As a result, Enron was named "America's Most Innovative Company" by Fortune magazine for six consecutive years, from 1996 to 2001. It was on the Fortune's "100 Best Companies to Work for in America" list in 2000, and had offices that were, in hindsight, stunning in their opulence.

However, as was later discovered, many of Enron's recorded assets and profits were inflated, or even wholly fraudulent and nonexistent, by putting debts and losses into entities formed "offshore" that were not consolidated with (included in) the company's financial statements and by the use of other sophisticated and arcane financial transactions between Enron and related companies formed to take unprofitable entities off the company's books.