16 entries
Enron's corporate accounting organization led by Chief Accounting Officer Rick Causey, responsible for financial reporting, controller functions, and the aggressive accounting practices at the center of the company's fraud and collapse.
Enron's Chief Financial Officer who architected the off-balance-sheet fraud that destroyed the company, personally enriching himself by more than $30 million before pleading guilty and receiving a six-year prison sentence.
Enron's Treasurer who became the first executive imprisoned in the scandal after pleading guilty to conspiracy charges related to SPE fraud.
A special purpose entity created in 1997 to purchase CalPERS' stake in JEDI, whose accounting violations triggered Enron's $600 million restatement and precipitated the company's collapse.
Enron Vice President convicted in the Nigerian Barge case who served a 46-month sentence after declining to appeal his conviction.
Enron's telecommunications division that became infamous for the Blockbuster deal fraud and Project Braveheart accounting scheme.
Enron's retail energy division that offered bundled energy management services to commercial customers, which concealed over $1 billion in losses through fraudulent accounting practices.
A joint venture between Enron and CalPERS that spawned Chewco Investments, whose accounting failures triggered a $600 million restatement and accelerated Enron's collapse.
Off-balance-sheet partnerships created and managed by Enron CFO Andrew Fastow that became central to the company's accounting fraud.
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.
The 213-page investigation by Enron's Special Committee that documented systematic accounting fraud, executive self-enrichment, and board oversight failures, becoming the foundation for criminal prosecutions and the Sarbanes-Oxley Act.
Structured commodity contracts that Enron used to disguise $8.5 billion in bank loans as trading revenue, artificially inflating cash flow while concealing billions in debt.
A series of four special purpose entities that used circular hedging with Enron's own stock, ultimately contributing $710 million in losses and precipitating the company's collapse.
Enron's Chief Accounting Officer who pleaded guilty to securities fraud for his role in the Raptor SPE structures, receiving a 66-month federal prison sentence.
A comprehensive examination of the off-balance-sheet financing vehicles that enabled Enron to hide billions in debt and manipulate its financial statements, ultimately precipitating the company's collapse.
A 1987 oil trading fraud at Enron's New York subsidiary that exposed the company to over $1 billion in unauthorized positions and established a pattern of tolerating rule-breaking that would persist until Enron's collapse fourteen years later