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Non-Tech : The Enron Scandal - Unmoderated
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To: SGJ who wrote (752)1/27/2002 1:59:37 PM
From: The Duke of URL©  Read Replies (1) of 3602
 
"... It is entirely possible that a complete forensic review of what they have done will not violate the tax code, although morally reprehensible, depending on your perspective. Wh..."

Lucky for you, I have a Masters in Tax Law from the finest school in the country, and I will tell you that my best guess right now is that you are 100% correct.

It does not look like, at least on a preliminary basis, there to be a violation of any TAX law.

Of course, a good prosecutor never lets a little thing like that stand in his way. :))

Especially when there is a vacancy in the office of scapegoat.

The problem with Arthur Andersen and Andersen Consulting and Accenture is that in the real world, the auditor takes what he finds and reports it.

What Arthur Andersen did was salt the mine. They structured the deal so that it would NOT have to be [fully] reported on the audit. Sort of a business application of the ole' post hoc ergo proctor hoc if ya catch my drift.
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