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Enron's accounting fraud was only discovered because they're a public company and forced to disclose those records. Once someone actually looked at what Enron
by saryant 11y ago
Enron's accounting fraud was only discovered because they're a public company and forced to disclose those records. Once someone actually looked at what Enron was up to, the shorts took over and hammered them until they folded. Only then did regulators actually take a look.
By being a public company, Enron couldn't hide its fraud. I have concerns about the lack of similar checks on unicorns.