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Non-Tech : The Enron Scandal - Unmoderated

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To: Jorj X Mckie who started this subject1/17/2002 7:03:12 PM
From: Jorj X Mckie  Read Replies (1) of 3602
 
well, I haven't seen fit to use this thread for rebuttal, but I think I will now. Notice the conclusion that K. Lay is doing a fund raiser for Jeb Bush, but the article is about a former ENE exec who has long ago severed his relationship with ENE.

Message 16926904

To:Jerome who wrote (753)
From: Patricia C. Trinchero Thursday, Jan 17, 2002 6:50 PM
Respond to of 763

And now.....that scoundrel Ken Lay is doing some fund raising for his brother JEB!!!! What a family!!
jacksonville.com.

Thursday, January 17, 2002

Story last updated at 05:30 a.m. on Thursday, January 17, 2002
Former president of Enron to host fund-raiser for Gov. Bush

The Associated Press

ORLANDO, Fla. - A former Enron president will host a fund-raiser for Gov. Jeb Bush Thursday in Houston.

Bush will attend the $500 a person reception at Richard Kinder's home. Kinder left Enron in 1996 and formed Kinder Morgan, an $18 billion energy company.

Some democratic leaders questioned Bush's decision.

"The people who have lost their life savings have to be wondering about his judgment," state Democratic Party Chairman Bob Poe said. "I just can't believe with everything that has been going on about Enron they would do that."

But Karen Unger, Bush' campaign chief, said they saw no problems with holding the event at Kinder's home.

"His ties with the company have been severed for years, and he has absolutely nothing to do with the company's current situation," Unger told the Orlando Sentinel for Friday editions.

Enron, formerly the world's largest energy trader, filed for bankruptcy protection on Dec. 2. The company announced it was the focus of a formal investigation by the Securities and Exchange Commission on Oct. 31.

The Justice Department is pursuing a criminal investigation of Enron. They will be looking into possible fraud based on the company's heavy reliance on off-balance-sheet partnerships that masked the company's financial problems before its collapse last fall.

Kinder and his wife, Nancy, are strong Republican fund-raisers. They gave the maximum - $500 each - to the Florida governor's last campaign, according to state campaign funding records.

They have also given more than $400,000 to President Bush and Republican Party accounts, according to the watchdog group Texans for Public Justice.

Copyright 2001 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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