Sunday, December 19, 2010

Behind the Enron Scandal

The article i found about Enron was about how a man named Arthur Anderson was found guilty in court for obstruction. Anderson audited peoples books for them at Enron. After the collapse of Enron, investors lost more than $60 billion. The jury convicted the entire firm, although Anderson was the main focus of this firm. They said he was the "corrupt persuader." Anderson wanted to appeal, but before he could the judge said to "force them off the fence." He could not appeal. The firm that Anderson was a part of could be no longer. At the end of it all Enron lost over $1 billion in just a matter of six months and there were many things to blame, not just Anderson.
Site:
http://www.time.com/time/business/article/0,8599,263006,00.html

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