Search results
Results from the WOW.Com Content Network
An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
Arthur Andersen LLP v. United States, 544 U.S. 696 (2005), was a United States Supreme Court case in which the Court unanimously overturned accounting firm Arthur Andersen's conviction of obstruction of justice in the fraudulent activities and subsequent collapse of Enron.
On August 15, 2001, Sherron Watkins, Vice President of Corporate Development at Enron, wrote an anonymous letter to Kenneth Lay sharing her concerns about the company's accounting practices, and cited Baxter's prior complaints to Jeffrey Skilling, Andrew Fastow, and other Enron executives regarding what he considered Enron's unethical and possible illegal transactions.
In the long history of financial frauds, Enron ranks near the top of the list, with the once high-flying energy trading company suddenly unraveling in a web of lies and accounting sleight-of-hand.
Andrew Stuart Fastow (born December 22, 1961) is an American convicted felon and former financier who was the chief financial officer of Enron Corporation, an energy trading company based in Houston, Texas, until he was fired shortly before the company declared bankruptcy.
The Enron scandal was later determined to be “one of the largest corporate frauds in history,” according to whistleblower Sherron Watkins, who recounted warning Enron’s former CEO Jeffrey ...
Skilling v. United States, 561 U.S. 358 (2010), is a United States Supreme Court case interpreting the honest services fraud statute, 18 U.S.C. § 1346.The case involves former Enron CEO Jeffrey Skilling and the honest services fraud statute, which prohibits "a scheme or artifice to deprive another of the intangible right of honest services".
The Enron Code of Ethics is a 64-page booklet that was published by Enron Corporation, [1] the last known edition of which was in 1 July 2000. [2] The sale of copies of the booklet on eBay has passed into internet folklore. [citation needed] An article in the San Francisco Chronicle for 11 February 2002 reported a final bid level on one copy of ...