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Though several businesses dispersed belongings to SPEs, Enron abused the practice through the use of SPEs as dump web-sites for its troubled property.
Enron was Started in 1985 by Kenneth Lay during the merger of two purely natural gasoline transmission companies, Houston Purely natural Gas Corporation and InterNorth, Inc.; the merged organization, HNG InterNorth, was renamed Enron in 1986. After the U.S. Congress adopted a number of rules to deregulate the sale of normal fuel inside the early nineties, the company dropped its unique ideal to work its pipelines.
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