Enron Bankruptcy
Enron Ex-treasurer Jailed
A former treasurer at Enron yesterday became the first executive to be jailed for his part in the scandal that tilted the energy firm into bankruptcy more than 18 months ago. Ben Glisan was sentenced to five years in prison after pleading guilty to criminal conspiracy. He was taken into...
Report sets stage for Enron bankruptcy battle
Enron, the bankrupt energy trader, may have improperly transferred as much of $5bn (£3.1bn) in assets to other entities as part of the company's manipulation of its financial statements, a report said today.
Rubin Cleared of Enron Impropriety
Robert Rubin, the chairman of Citigroup, has been cleared of any wrongdoing in urging a senior US treasury official to intervene on behalf of Enron as the energy group spiralled toward bankruptcy. Mr Rubin, who resigned as treasury secretary in July 1999 before joining the board of the...
Now Enron is Challenged Over Last-minute $1bn Lifeline
Federal investigators are examining whether Enron executives may have committed fraud by borrowing $1bn in an eleventh-hour attempt to stave off bankruptcy last year.
Merrill defends Enron deals
Merrill Lynch yesterday defended its dealings with Enron, the energy firm that fell into bankruptcy amid scandal at the end of last year.
The rise and fall of Bernie Ebbers
The cowboy capitalist who made WorldCom America's second largest long distance phone company now faces regulators and lawsuits in a bankruptcy that could be even bigger than Enron's, writes Mark Tran
Enron Paid Out $681m to Top Executives
Enron, the failed US energy firm, paid $681m (£461m) to 140 top managers in the year leading up to its bankruptcy on December 2, it was disclosed yesterday.
We've Been Ambushed - Andersen
Lawyers for Arthur Andersen, the accounting firm, came out fighting yesterday as the first criminal trial to emerge from the bankruptcy of US energy trader Enron began.
Beleaguered Accountancy Firm Andersen in Merger Talks With Rival
The embattled accountancy firm Andersen, facing possible criminal charges for its role in the Enron scandal, and an exodus of big-name clients, has offered itself for sale to its rival Deloitte Touche Tohmatsu. Andersen's ability to survive the shockwaves of the Enron bankruptcy has been...
Enron Misled Us Too, Analysts Confess
Wall Street analysts who encouraged investors to buy Enron shares even as the company stumbled toward bankruptcy yesterday claimed they were as misled as everyone else. A US senate panel investigating Wall Street's role in the Enron scandal expressed disbelief that the four analysts under...
Huge Book Deal to Tell Enron Debacle
After the biggest bankruptcy in American commercial history come the book deals. Just when it seemed as if Enron executives were the only people who had made big money out of financial chicanery, the journalist credited with asking the first sceptical questions about the energy company's...
Evidence grows of Enron cover-up
The inquiry into the Enron collapse, the biggest bankruptcy in US history, focused yesterday on the energy trading firm's auditors, Arthur Andersen, and an October 12 memo ordering the destruction of potentially incriminating documents. As evidence surfaced of a concerted cover-up of...
Threat to Bush in Enron inquiry
President Bush moved rapidly yesterday to distance himself from the collapsed Enron Corporation as speculation grew that the bankruptcy of the giant energy trading company could turn into his administration's most dangerous scandal. Hours after the justice department announced it was...
Robert Rubin, the chairman of Citigroup, has been cleared of any wrongdoing in urging a senior US treasury official to intervene on behalf of Enron as the energy group spiralled toward bankruptcy. Mr Rubin, who resigned as treasury secretary in July 1999 before joining the board of the...
Now Enron is Challenged Over Last-minute $1bn Lifeline
Federal investigators are examining whether Enron executives may have committed fraud by borrowing $1bn in an eleventh-hour attempt to stave off bankruptcy last year.
Merrill defends Enron deals
Merrill Lynch yesterday defended its dealings with Enron, the energy firm that fell into bankruptcy amid scandal at the end of last year.
The rise and fall of Bernie Ebbers
The cowboy capitalist who made WorldCom America's second largest long distance phone company now faces regulators and lawsuits in a bankruptcy that could be even bigger than Enron's, writes Mark Tran
Enron Paid Out $681m to Top Executives
Enron, the failed US energy firm, paid $681m (£461m) to 140 top managers in the year leading up to its bankruptcy on December 2, it was disclosed yesterday.
We've Been Ambushed - Andersen
Lawyers for Arthur Andersen, the accounting firm, came out fighting yesterday as the first criminal trial to emerge from the bankruptcy of US energy trader Enron began.
Beleaguered Accountancy Firm Andersen in Merger Talks With Rival
The embattled accountancy firm Andersen, facing possible criminal charges for its role in the Enron scandal, and an exodus of big-name clients, has offered itself for sale to its rival Deloitte Touche Tohmatsu. Andersen's ability to survive the shockwaves of the Enron bankruptcy has been...
Enron Misled Us Too, Analysts Confess
Wall Street analysts who encouraged investors to buy Enron shares even as the company stumbled toward bankruptcy yesterday claimed they were as misled as everyone else. A US senate panel investigating Wall Street's role in the Enron scandal expressed disbelief that the four analysts under...
Huge Book Deal to Tell Enron Debacle
After the biggest bankruptcy in American commercial history come the book deals. Just when it seemed as if Enron executives were the only people who had made big money out of financial chicanery, the journalist credited with asking the first sceptical questions about the energy company's...
Evidence grows of Enron cover-up
The inquiry into the Enron collapse, the biggest bankruptcy in US history, focused yesterday on the energy trading firm's auditors, Arthur Andersen, and an October 12 memo ordering the destruction of potentially incriminating documents. As evidence surfaced of a concerted cover-up of...
Threat to Bush in Enron inquiry
President Bush moved rapidly yesterday to distance himself from the collapsed Enron Corporation as speculation grew that the bankruptcy of the giant energy trading company could turn into his administration's most dangerous scandal. Hours after the justice department announced it was...