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Non-Tech : The ENRON Scandal
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To: Mephisto who wrote (1211)1/25/2002 11:30:10 PM
From: The Duke of URL©  Read Replies (2) of 5185
 
"the company failed to pay income tax, inflated its assets, and hid its debt in secret partnerships, which it named Condor and Raptor. In November, the company disclosed that it had overstated profits and failed to report more than $1 billion in debt. "

There is enough wrong here. We really don't need idiots' rants.

A company cannot both over state profits AND pay less tax.

Jeeeeeeeeeeesh
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