Worked on the market and had lots of clients and negotiations but most of them were confusing, strange and different for most investors, what permited him many different schems that at a certain moment were undetctable, but forced the company declaire bankruptcy. They used to conceal Enron´s massive losses in their quarterly balance sheets.
The USA SEC ( Securities and Exchange Commition) got envolved on that to solve it the best way, they opened investigation and sent the jail for their frauds and schems.
Enron's complex financial statements were confusing to shareholders and analysts. Its complex business model and unethical practices required that the company use limitations to misrepresents earnings and modify the balance sheet to indicate favorable performance. the combination of these issues later resulted to bankruptcy.
