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The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, leading to its accounting firm, Arthur Andersen, then one of the five largest in the world, dissolving.
A new Enron website appeared on Monday to proclaim its relaunch. ... who was sentenced to a 24-year prison term and fined $45 million in 2006 after being found guilty of 18 counts of fraud and ...
In 1999, the early days of the Dot-com boom, Enron invested in a Broadband Internet start-up, Rhythms NetConnections.In a desire to hedge this substantial investment (they owned at one point 50% of Rhythms' stock) and several others, Fastow met with Kenneth Lay and Jeffrey Skilling on June 18 to discuss the establishment of an SPE called LJM Cayman L.P. (LJM1) that would perform specific ...
Chewco Investments L. P. was a limited partnership associated with the Enron scandal, which resulted in the bankruptcy of Enron.It was named after the Star Wars character Chewbacca, because it was created to hide losses from the Joint Energy Development Investment Limited, known by its acronym "JEDI".
Last week, the poster boy for executives committing fraud, Jeffrey Skilling, had his appeal of his criminal conviction heard before the U.S. Supreme Court. Skilling was convicted in 2006 on 19 ...
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".
F. Carter Smith/Bloomberg News By Aruna Viswanatha and Jonathan Stempel WASHINGTON and NEW YORK -- Jeffrey Skilling, the former Enron Corp. chief executive serving a 24-year prison term for the ...
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.