The ENRON Scandal Message Board

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Non-Tech : The ENRON Scandal

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To: TigerPaw who wrote (4255)	7/10/2002 1:04:47 AM
From: Mephisto	of 5185

"It is now more than seven months since Enron revealed that its accounts were false. The massive stock trading by Enron executives is a matter of public record. Justice Department prosecutors have secured the cooperation of David Duncan, the former Andersen partner responsible for the Enron account. But still there are no charges against Enron principals. If the president wants to make the case that his administration will not tolerate corporate wrongdoing, what better way than to indict his old friend and former Enron CEO, Kenneth Lay? Indicting Lay and other Enron executives may have a few pitfalls. First, one of Enron's main trick--boosting its revenue by reporting its energy trades at their gross value--was mimicked by the entire energy-trading sector. Second, putting Lay or Jeffrey Skilling, Enron's former president and briefly its CEO, on trial would bring back into the headlines Enron's ties with Bush, Congress and the government of Texas. But the cost of not doing it seems even higher. It should be done quickly and used as proof that the administration is serious. " Where Are The Indictments? forbes.com

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