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Transferring People property to SPEs meant they have been saved off Enron’s guides, creating its losses look fewer critical than they really have been.
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Arthur Andersen also arrived underneath powerful scrutiny, and in March 2002, the U.S. Section of Justice indicted the business for obstruction of justice. Shoppers wanting to assure investors that their economical statements could meet the highest accounting requirements deserted Andersen for its competition. They have been soon followed by Andersen personnel and total places of work.