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Enron transferred to "Raptor I-IV", four LJM-related special purpose entities named after the velociraptors in Jurassic Park, more than "$1.2 billion in assets, including millions of shares of Enron common stock and long-term rights to purchase millions more shares, plus $150 million of Enron notes payable" as disclosed in the company's ...
Enron filed for bankruptcy on Dec. 2, 2001, amid revelations of hidden debt, inflated profits and accounting fraud. The collapse of the energy giant cost thousands of workers their jobs, while ...
David Delainey [4] – ex-CEO of Enron's trading unit, Enron North America Skilling coached for big meeting with analysts on January 25, 2001; Raptor accounts; Enron Energy Services (EES), February 2001, chaotic, disarray, gushing red ink; lost receivables moved from EES to Enron North America trading division; folding EES losses into Enron ...
Andrew Fastow's interest in LJM2 was purchased in 2001 and many of LJM1's and LJM2's "hedges" and the debt they caused would later be handled in part by another Enron vehicle, the Raptor SPEs. LJM, along with Chewco , played a major role in the downfall of Enron (see Timeline of the Enron scandal ) and was the primary vehicle by which Fastow ...
An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001.
Enron was an American energy, commodities, and services company based in Houston, Texas. In 2001, Enron collapsed in a market-shaking bankruptcy amid revelations that the company had grossly ...
Conspiracy of Fools tells the story of the 2001 collapse of Enron.Enron's Chief Financial Officer (CFO) Andrew Fastow is depicted as voraciously greedy, using front corporations and partnerships, paying himself "management" and "consultant" fees as if he were an outsider, all while cooking Enron's books to show fictitious profits.
When energy-trading company Enron declared bankruptcy in 2001, it was the largest bankruptcy filing in U.S. history. The company's demise was tinged with scandal, as it was revealed that Enron ...