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The Enron Scandal
In 1930, Northern Natural Gas, a Nebraska-based gas pipeline company was founded and thus began The Enron Corporation as one of the worlds's leading energy companies. In December 2001, Enron filed the largest corporate bankruptcy claim in United States history. The company's collapse led to investigations of both Enron and Arthur Andersen, an accounting firm employed by Enron. Investigators were alerted to charges that Enron deliberately concealed its financial problems, misled investors, and failed to pay income taxes.
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