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The Enron scandal is one of the most infamous financial scandals in U.S. background, highlighting the catastrophic penalties of unethical small business procedures and corporate governance failures. Enron Corporation, an American Electrical power organization located in Houston, Texas, was once deemed one of the most modern providers in America.
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With the help of Jeffrey Skilling, who was at first a advisor and later on became the corporation’s Main working officer, Enron transformed by itself into a trader of Power derivative contracts, acting as an intermediary between purely natural fuel producers and their buyers.