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The fact that Enron's trading business, which accounted for more than 90% of its claimed revenue, was sold for no money down (Enron will get a share of future profits gleaned by the buyer UBS Warburg) indicates that other aspects of Enron's business were not anything like what they seemed.
It's been three years since Burpple raised an initial $500,000 seed and, while it was subsequently extended by a further $250,000, Chan said that increased income through partnership deals — he claimed revenue grew 10x in 2014 over 2013, but didn't give specific figures — and a lean team of just 15 allowed that relatively small sum of money to last so long.
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The privately-owned oil trading group claims to be one of the biggest in the world, with claimed revenues of $73bn£48.2bnbn) and undisclosed share ownership.
Formed in 1985, Enron at its height claimed revenues approaching $200 billion though Enron's sales figures will also likely come under scrutiny.
The settlement with the Securities and Exchange Commission came more than two years after the company, Rino International, at one time worth about $500 million on the Nasdaq stock exchange, collapsed after a short seller accused the company of claiming revenue from nonexistent contracts.
Mr. Liu's office did amend the license, so the city can claim revenue from any TV programming that might be broadcast from the course, like the United States Open or Mr. Trump's "The Apprentice" reality show, mentioned by name in the license.
The company also claims revenue of $7 million this year.
Yavonditte claims revenue of at least $10 million and says he'll be profitable next year.
The private firm does not talk about its finances, but they claim revenue is about $30 million a year.
In July it expanded into Germany, and they claim revenue is really skyrocketing, although don't put numbers on it.
The company recently tripled its employee base and now claims revenue has been growing at a rate of 100% month-over-month.
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