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Non-Tech : The ENRON Scandal

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To: Smart_Money who wrote (2178)2/3/2002 3:46:33 AM
From: The Duke of URLĀ©  Read Replies (1) of 5185
 
Thank You:

The internal revenue service recommended indictment, but
George Bush Sr's justice department put the kibosh on the
prosecution (their legal prerogative) - in great part
because the fancy financials had been blessed by the
company's auditor: Arthur Andersen.

The company denied any wrongdoing.

___________________________________________________________-

And why would a 3 Billion dollar accounting firm take a chance on doing this???

Because they did it before and Congress helped them get out of any liability. And actively Prevented the securities laws from helping over the last 10 years.

Message 17000146
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