Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 148.32

-3.3%

Nov 14 3:59 PM EST

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To: Katherine Derbyshire who wrote (10269)	3/6/2002 9:55:55 AM
From: Ian@SI	Read Replies (1) of 10921

Hmmmm.... Deliberately deceiving shareholders in order to enrich individual executives at the expense of the company they supposedly work for. If that isn't* illegal, it should be.* Hmmm, sounds like Securities Fraud, or just plain old out and out Fraud laws cover Enron's behaviour. And Skilling seems to have given evidence that this was planned from the get-go. Authorization process in corporations usually has each person in the chain of command sign off until the individual (or the board) with the authority to approve the transaction has signed. I believe Skilling testified that this was the process at Enron prior to setting up the fraudulent off balance sheet entities. It seems that he had the authorization process changed to eliminate his signature from these transactions. Was the purpose to create "plausible deniability"? To me it's the smoking gun that clearly indicates that Enron executives knew they were about to do something illegal and that they were attempting to take the money and get away scot-free. My guess is that several of them will go to jail before this over. JMHO, Ian

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