ENRON was formed in 1985 through the merger of Houston Natural Gas and InterNorth. Led by CEO Kenneth Lay, by the late 1990s ENRON had become one of the largest companies in the US, employing around 29,000 people and reporting revenues of over $101 billion in 2000. However, through the use of accounting loopholes and off-balance sheet transactions, ENRON was actually heavily in debt and faced bankruptcy. On December 2, 2001, ENRON filed for bankruptcy, resulting in losses of billions of dollars for its shareholders and employees.

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Date
ENRON CAM
HiiTOAY lORIINSJ
ENRON lAA ormed n 198S Lahen
Houston Nahural
Cnas
Inter
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EAON
LEnerauIrtding Lmpa1
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acLntanp techgues
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ho Lwhieh baron Rtat Selling natutal qa
at qeat _priteA

2. Page No.
Date
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3. Page No.
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4. Page No.
Date
Gnd ome pmanals Adeclaced the prltes Rhats
hey used_to take Advadage opnol
nenithey already kn
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high o$056
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On 14Aug 2001
3kiUng heagned

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Date
On Oct 2001
y bamn annouMted LosS O 620illin
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