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Having said that, its downfall in 2001 unveiled popular accounting fraud and led to your bankruptcy of the corporate, leaving 1000s of staff members jobless and wiping out billions of bucks in shareholder benefit.
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By this point, Lay experienced obtained an anonymous memo from Sherron Watkins, an Enron vice president who had turn out to be concerned about the Look At This Fastow partnerships and warned of possible accounting scandals.
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