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Disgraced energy company with a 2001 bankruptcy NYT
by Shoba
Updated Oct 03, 2024
Disgraced energy company with a 2001 bankruptcy NYT Crossword Clue
Here is the solution for "Disgraced energy company with a 2001 bankruptcy" NYT crossword clue. Today's NYT Disgraced energy company with a 2001 bankruptcy crossword clue answer contanins 5 letters also we have provide the Disgraced energy company with a 2001 bankruptcy NYT Crossword Answer Explanations.
The answer the to the Disgraced energy company with a 2001 bankruptcy NYT crossword clue is "ENRON."
Enron Corporation, once a highly regarded energy company based in Houston, Texas, became infamous for its role in one of the largest corporate scandals in U.S. history. Founded in 1985, Enron initially operated as a traditional energy provider but quickly transformed into a leading trader of energy derivatives, boasting innovative financial practices that generated immense profits.
However, behind its impressive facade, Enron engaged in widespread accounting fraud, hiding debt off its balance sheet and inflating profits to mislead investors and analysts. In late 2001, the truth about Enron's financial practices began to unravel, leading to its bankruptcy filing in December of that year.
