Founded in 1985, after the merger Houstion Natural Gas and InterNorth, Enron was one of the dominant group in the energy sector in the United States. Enron owns huge property portfolio consists of water plants, power plants, factories producing pulp and paper, gas pipelines and multiple other services category. The shares of the corporation from early 1990 to late 1998 are among the top leading potentially large outstanding on Stock Exchange. In 2000, the company's revenue reached nearly $ 100 billion threshold. In late 2001, the bankruptcy of Enron has become a big shock to the US economy. This company has been fraud in the financial report, inflated the statistics in assets and accounting for its revenue. Although Enron was using all means to pressure and bribe auditing firm Arthur Audersen to hide billions of losses and debts from the business and failed projects, even if they were paid to Arthur 1 million dollars / week to make the audit staff can easily overlook flaws, but the incident was broke in 10/2011. Enron's stock has slid miserably, over 20,000 workers have lost their jobs and the company had officially filed for bankruptcy. The Group Worldcom, USA WorldCom is one of the big bosses in the industry Information of the United States. Group founded in 1983 at new called Long Distance Discount Service (LDDS). After the merger with Advantages Companies Inc. in 1989, the company name was changed to LDDS WorldCom and WorldCom officially shortened to five 1995.Tap Group provides telecommunications services in the country and abroad. Worldcom network of extremely powerful, presence on the market of 35 countries worldwide with more than 112 branches. Vaessen as WorldCom could reach, hold sway global telecommunications network but unexpectedly on day 07.21.2002, the Group filed for bankruptcy due to fraud and its financial scandals. The company's stock price plunged to staggering levels, from 65 dollars to 6.7 dollars per share. This led to the plunge of the US stock market in general. With the departure of large companies like Worlcom, the US economy was extremely heavy losses. The causes of this bankruptcy is typical of wrongdoing in handling accounting procedures, fraudulent financial reporting, insider stock trading. The auditing company KPMG has found abnormal amounts worth 3.8 billion dollars, these expenses have been classified a "mistake" in the cost of capital during the quarter whence 5, 2001. This guide the cash flow and profitability of Worldcom become virtual numbers flawless desirable. In 2003, WorldCom was renamed MCI and officially bankrupt one year later. Corporate bankruptcies worth 103.9 billion dollars.
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