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Public Timelines
FAQ

The Scandal in Action (nov 1, 1997 – aug 6, 2001)

Description:

Using a technique called “mark to market accounting” which allowed the company to write “unrealized future gains into current income statements, thus giving the illusion of higher current profits," the owners stole nearly 74 billion from shareholders.

Added to timeline:

13 Feb 2020
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Date:

nov 1, 1997
aug 6, 2001
~ 3 years and 9 months