Prior to its infamous accounting scandals and collapse, Enron used off-balance-sheet special purpose vehicles (SPVs) to hide mountains of debt and toxic assets from investors and creditors. The primary purpose of these SPVs was to hide accounting realities rather than operating results.
Read more: How did Enron use off-balance-sheet items to hide huge debts and toxic assets? | Investopedia http://www.investopedia.com/ask/answers/060815/how-did-enron-use-offbalancesheet-items-hide-huge-debts-and-toxic-assets.asp#ixzz48sPLRMV5
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