Enron Broadband Services
Enron's telecommunications division that became infamous for the Blockbuster deal fraud and Project Braveheart accounting scheme.
Blockbuster
4 entries
E
Enron-Blockbuster Partnership
A 20-year video-on-demand deal between Enron Broadband Services and Blockbuster that lasted eight months, generated virtually no revenue, and produced $111 million in fraudulent profits through mark-to-market accounting and a structured finance vehicle called Project Braveheart.
K
Kevin P. Hannon
Senior Enron executive who co-led Enron North America and served as COO of Enron Broadband Services before pleading guilty to conspiracy to commit securities fraud and wire fraud.
M
Mark-to-Market Accounting
The accounting method that allowed Enron to book projected future profits immediately, championed by Jeff Skilling and approved by the SEC in 1992, which became a vehicle for manufacturing over $100 million in fraudulent earnings.