enron paper.docx - Jessica Garcia Gonzalez Palegal 043...

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Jessica Garcia Gonzalez Palegal 043 Enron: The Smartest Guys In The Room Andersen had audited Enron since the company was formed in the 1980's, and many of Andersen's auditors went on to work for Enron. When the Securities and Exchange Commission opened an informal investigation of Enron, Andersen began telling its employees as well as Enron employees to strictly adhere to the company’s document retention policy, meaning that if any Enron-related documents were eligible to be destroyed under the policy, they should be so destroyed immediately. Andersen informed its employees of this directive multiple times and it resulted in the “substantial destruction of paper and electronic documents” that were then not available to the government in Enron’s subsequent litigation.The electronic records that were destroyed and appeared to have numbered in the thousands, according to a government official who had been briefed on the matter.There has been no accounting yet of the volume of paper documents that were destroyed. Fastow and others at Enron orchestrated a scheme to use off-balance-sheet special

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