Financial Statement Fraud.Enron.AICPA

2filed bankruptcy 2003 2005 by the aicpa executives

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Unformatted text preview: on August 14—gave no reason Jeff for his departure. for By mid-August , the stock price began to fall Former CEO, Kenneth Lay, returned in August Oct. 16…announced $618 million loss but not Oct. that it had written down equity by $1.2 billion that October…Moody’s downgraded Enron’s debt Nov. 8…Told investors they were restating Nov. earnings for the past 4 and ¾ years earnings Dec. 2…Filed bankruptcy © 2003, 2005 by the AICPA Executives Abandon Enron Executives Rebecca Mark-Jusbasche, formerly CEO of Azurix, Rebecca Enron’s troubled water-services company left in August, 2000 2000 Joseph Sutton, Vice Chairman of Enron, left in Joseph November, 2000. November, Jay Clifford Baxter, Vice Chairman of Enron committed Jay suicide in May, 2001 suicide Thomas White, Jr., Vice Chairman, left in May, 2001. Lou Pai, Chairman of Enron Accelerator, departed in Lou May 2001. May Kenneth Rice, CEO of Enron’s Broadband services, Kenneth departed in August 2001. departed Jeffrey Skilling...
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This document was uploaded on 03/29/2014.

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