what happened with enron s balance sheets 
enron was an american energy services and commodity company the corporation hid millions of dollars of debt and losses that it amassed from a series of failed projects and schemes from investors and analysts by using special purpose vehicles and special purpose entities these were all kept off the company s balance sheets thereby misleading board members and investors of these high risk practices investors began losing confidence which trickled down to enron s spvs and spes enron was forced to declare bankruptcy 4