PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject	6/15/2002 12:14:32 PM
From: DOUG H	Read Replies (2) of 769670

We are still cleaning up the mess created by the Clinton "Truth is in the Eye of The Beholder, Lie till you Get Caught" era. The 90's will be remembered as the Greatest fraudulent transfer of Wealth in History Andersen Found Guilty in Enron Case Jun 15 11:28am ET HOUSTON (Reuters) - A federal jury on Saturday found accounting firm Andersen guilty of obstructing justice in an investigation of its client, Enron Corp., making the once-venerated auditor's demise almost certain. The 12-member jury, which heard nearly five weeks of testimony before U.S. District Judge Melinda Harmon, found Andersen criminally intended to keep Enron audit records away from a U.S. Securities and Exchange Commission inquiry. The guilty verdict means Andersen [ANDR.UL] can no longer audit publicly traded companies, and could now face fines of up to twice the amount of economic harm the judge determines its actions caused. No one will go to jail. Chicago-based Andersen admitted destroying thousands of Enron records in a two-week period starting Oct. 23, as the SEC began looking into Enron's murky accounting for off-balance sheet partnerships that hid billions in debt. Andersen lawyers argued the firm destroyed the records as a matter of normal business policy, not to impede investigators. siliconinvestor.com

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