3 entries
Enron's short-lived metals trading division, formed through the 2000 acquisition of London-based MG plc for $446 million, which brought copper, aluminum, and other base metals into the company's commodity portfolio before being wound down in late 2001.
Structured commodity contracts that Enron used to disguise $8.5 billion in bank loans as trading revenue, artificially inflating cash flow while concealing billions in debt.
A comprehensive examination of the off-balance-sheet financing vehicles that enabled Enron to hide billions in debt and manipulate its financial statements, ultimately precipitating the company's collapse.