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Considered one of his brightest recruits was Andrew Fastow, who speedily rose in the ranks to become Enron’s chief money officer. Fastow oversaw the financing of the business by investments in progressively complex devices, whilst Skilling oversaw the constructing of its extensive investing check here operation.
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While many businesses dispersed property to SPEs, Enron abused the practice by utilizing SPEs as dump web pages for its troubled property.