The Enron Saga: Andersen Indicted, Then Acquitted....But Too Late

The Enron saga spans 20 years with Lay becoming Chairman in 1986 and being convicted in 2006. Along the way it became the most-admired and most-debased company in the country. Its bankruptcy shattered the company, destroyed Andersen, bled Wall Street banks, fattened attorneys, brought fame and shame to the DoJ, rewrote security laws and impacted thousands of innocent individuals, their lives and careers....


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Lay and Skilling Indicted

Messers Lay and Skilling were found guilty today by a jury in Houston on several counts of security fraud, misrepresentation to auditors. This is as it should be. It is hard to believe that these executives were unaware of the manipulations within Enron, the machinations with special purpose entities, the spurious deals with banks and financial institutions in order to make the earnings numbers that they themselves were conveying in a sense to Wall Street....

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