The Enron Scandal - Unmoderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Enron Scandal - Unmoderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KLP who wrote (364)	1/17/2002 7:53:53 PM
From: CountofMoneyCristo	Read Replies (2) of 3602

what exactly did they do that was illegal? 1. Intentionally inflating earnings, creating shell companies in order to deceitfully concoct fraudulent statements of financial solvency is illegal. 2. Knowingly signing off on fraudulent accounting statements is illegal. 3. Deliberately destroying material evidence in a matter that one should reasonably know may become an official proceeding is illegal. 4. Executives dumping shares while encouraging their employees to buy, then later refusing them access to sell, all the while publicly lying about material facts concerning corporate solvency is illegal. These are the charges. If proven, there is no question that they represent gross breaches of the law. How did the Financial institutions and the SEC miss this altogether? Good question, and I would like to see it answered. Nevertheless, the mere fact that a crime is not detected and goes unpunished for a time does not change the fact that it is still a crime. Just because someone is belatedly caught does not make them any less guilty.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next