Impeach George W. Bush Message Board

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Politics : Impeach George W. Bush

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To: Zoltan! who wrote (10513)	2/6/2002 1:37:01 PM
From: Bald Eagle	Read Replies (1) of 93284

Tauzin: Illegal Enron Activity Found Feb 6 1:06pm ET WASHINGTON (Reuters) - Congressional investigators have uncovered "substantial evidence of illegal activity" by the now-bankrupt Enron Corp. and its management, Rep. Billy Tauzin, chairman of the House Energy and Commerce Committee, said on Wednesday. "This activity served to deceive the public about Enron's financial condition," Tauzin, a Louisiana Republican, said in prepared remarks opening a hearing to probe the collapse of the former energy giant and the actions by its auditor Andersen. Enron's auditor "knew or should have discovered the fraudulent nature" of certain transactions with outside partnerships managed by former Enron Chief Financial Officer Andrew Fastow, he said. "We have found that Enron's financial statements violated numerous existing accounting rules," Tauzin said.

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