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The Enron scandal resulted in the 2nd biggest
bankruptcy in history causing their stock price to plummet. But the
scandal had an unexpected impact - the stock certificate became a popular
collectible with many snapping up the stock certificates before they were no
longer available.
Once the
largest buyer and seller of natural gas and electricity in the US, Enron
Corporation also traded numerous other commodities and provided risk management, project
financing, and engineering services. It still owns interests in utilities,
power plants, and other energy projects around the world, including 15,000
miles of gas pipelines in North, Central, and South America.
The company
filed Chapter 11 bankruptcy and is under investigation by the SEC and Congress related to
its
spectacular collapse prompted by the management scandal. Enron is the poster
child for the corporate scandals of the 1990's and is the 2nd largest
bankruptcy in history next to Worldcom. |