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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: bela_ghoulashi who wrote (273)	1/16/2002 4:30:28 AM
From: stockman_scott	Read Replies (1) \| Respond to of 3602

Borrowed from Yahoo's Enron discussion thread: _______________________________________________ by: ethicalone_2000 01/16/02 03:56 am Msg: 202136 of 202147 Jumping to Conclusions?... When the auditor destroys thousands of documents AFTER the SEC announces an investigation... When eBAY has a manual going up for bid that apparently describes fishy practices... When senior execs take the fifth before Congress... When the NY Times releases a story about offshore accounts and payments made to auditors there... When earnings are restated back three years to the tune of $580 million... When the auditor fires managers and auditors... When it is revealed that auditor did both the internal and external audits... When ENRON apparently hired auditors from Andersen as employees... When CFO Fastow directed outside entities himself... When billions in debt were hidden off the books... When false financial statements were released to investors for several years... When millions were paid to just about every politico in the U.S.... When three senior Federal Agency chiefs all deny helping ENRON as a result of multiple calls... **Do you guys need to be Sherlock Holmes to put these pieces together, or what??? IMO. ____________________________ Enron may be the BIGGEST white collar criminal case in years...I expect Lay as well as other top Enron execs and auditors will face BIGGER lawsuits than they can even imagine. They may also be forced to pay very large financial penalties and serve some serious time in prison...Lets hope The SEC and The U.S. Justice Dept. work overtime and do their job well. Its vital that we learn from Enron's Perfect Storm, fix the system, and punish the guilty execs like they are Mafia criminals (btw, I view Ken Lay as the John Gotti of white collar crime in N. America). Just my views. -Scott