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Keyword: enron

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  • Andrew Weissmann, Robert Mueller's top prosecutor, known for hardball tactics (Dirty)

    10/30/2017 8:47:07 PM PDT · by Red Steel · 7 replies
    Washington Times ^ | Oct. 22, 2017 | Rowan Scarborough
    FBI Director Christopher A. Wray was an assistant attorney general in 2004 when he heaped praise on an ambitious Mafia-tested prosecutor... to the top...Justice Department’s high-profile Enron... How Mr. Weissmann operated over a decade ago offers possible glimpses at how he carries out orders today from his longtime mentor, Mr. Mueller. He rode into Texas from New York City in 2002 fresh from putting a number of Mafiosos in prison. ... If I’m Donald Trump and I know the backstory of Andrew Weissmann, it’s going to concern me. There is no question about it.” The backstory: Defense attorneys say Mr....
  • U.S. top court hears ex-media baron Conrad Black's appeal

    12/08/2009 2:43:29 PM PST · by NormsRevenge · 5 replies · 503+ views
    Reuters on Yahoo ^ | 12/8/09 | James Vicini
    WASHINGTON (Reuters) – A lawyer for former media baron Conrad Black urged the U.S. Supreme Court on Tuesday to overturn his fraud conviction, and several justices asked whether the federal law at issue was too vague. The Canadian-born Black, a member of Britain's House of Lords, has been in prison since March 2008, when he began serving a 6 1/2-year sentence for fraud and obstruction of justice. Attorney Miguel Estrada, representing Black and two ex-colleagues who were found guilty of defrauding shareholders of one-time newspaper publishing giant Hollinger International Inc, argued before the Supreme Court that all convictions in the...
  • Authors: Enron's Lay, HP's Fiorina were wannabe wizards (2006)

    09/22/2015 2:17:55 PM PDT · by jimbo123 · 9 replies
    Salt Lake Tribune ^ | 4/30/06 | Cecil Johnson
    Color Ken Lay a ''wannabe wizard.'' That's a species of leader notched between the ''harmful wizard'' and the ''authentic wizard'' among kinds of leaders classified in Lee G. Bolman and Terrence E. Deal's intriguing new book, The Wizard and the Warrior. The authors also put former Hewlett-Packard Chief Executive Carly Fiorina in that category. ''Unlike authentic wizards, whose magic breathes spirit and soul into an enterprise, wannabe wizards have great intentions but limited ability to create a meaningful organization or transform one in trouble,'' the authors say. -snip- Where Lay was too hands-off, Fiorina appears to have been too hands-on,...
  • The Influence of Fiorina at Lucent, in Hindsight (Enron-style accounting fraud...)

    09/22/2015 5:30:23 AM PDT · by jimbo123 · 6 replies
    NY Times Dealbook ^ | 9/21/15 | Andrew Ross Sorkin
    As Carly Fiorina has risen in the polls over the last week, there is renewed focus on her controversial tenure as chief executive of Hewlett-Packard. Yet her career at Lucent Technologies has been treated as little more than a footnote. It shouldn’t be. “My story — from secretary to C.E.O. — is only possible in this country,” Mrs. Fiorina likes to say on the hustings. In between her stint as a receptionist for a real estate company in the late 1970s and her being named Hewlett-Packard’s chief executive in 1999, Mrs. Fiorina worked for nearly 20 years at AT&T and...
  • New Scrutiny of the Flow of Iraqi Oil to American Consumers

    10/11/2004 6:17:18 AM PDT · by OESY · 4 replies · 1,129+ views
    New York Times ^ | October 11, 2004 | SIMON ROMERO and SCOTT SHANE
    As Saddam Hussein pressed the United Nations oil-for-food relief program for more money that he used to buy banned weapons, an unwitting ally may have been the American driver. Almost until the eve of the invasion of Iraq in March 2003, American oil companies were among the largest purchasers of Iraqi crude oil. The role that the companies, including ExxonMobil and ChevronTexaco, played in the oil-for-food program is now coming under greater scrutiny in the wake of a report by the chief arms inspector for the Central Intelligence Agency that disclosed how extensively Mr. Hussein was abusing profits from the...
  • The IRS Had a Contract With an Email Backup Company

    06/21/2014 2:21:02 AM PDT · by Jim Robinson · 217 replies
    reason.com ^ | June 20, 2014 | By Peter Suderman
    The Internal Revenue Service (IRS) said it can't provide emails sent between 2009 and 2011 that were requested by congressional investigators because of hard drive crashes. The agency said that emails stored on dead drives were lost forever because its email backup tapes were recycled every six months, and employees were responsible for keeping their own long-term archives. The IRS had a contract with email backup service vendor Sonasoft starting in 2005, according to FedSpending.org, which lists the contract as being for "automatic data processing services." Sonasoft's motto is "email archiving done right," and the company lists the IRS as...
  • WH on Lerner Emails: 'You've Never Heard of a Computer Crashing Before?'

    06/17/2014 11:07:02 AM PDT · by Citizen Zed · 58 replies
    Townhall ^ | 6-17-2014
    Friendly reminder, America. They think you're stupid: A top White House official blamed a computer crash for the disappearance of emails from embattled former Internal Revenue Service official Lois Lerner, echoing the explanation the agency gave Congress last week for the two years' worth of missing subpoenaed correspondence. "I think it's entirely reasonable. And it's fact," incoming White House press secretary Josh Earnest told reporters aboard Air Force One Monday. "You've never heard of a computer crashing before?" he asked.
  • Barack Obama: The New And Improved Kenneth Lay

    05/20/2013 12:52:40 PM PDT · by thetallguy24 · 6 replies
    Hardhatters ^ | 05/20/2013 | Hal Hawkins
    Remember Enron? Remember Kenneth Lay? How about the tens of billions that were lost in that scandal? It was a series of events that will be talked about for decades to come, yet history seems to be repeating itself in 2013. Not in the private sector, but in the Federal government. For those who may not know or need a refresher in history, Enron was once one of the largest companies in the world. Its business was primarily in the energy sector. Unfortunately, accounting fraud and corruption led to its ultimate downfall, one of the largest bankruptcies in history, and...
  • Enron's Jeff Skilling could get early release from prison

    04/04/2013 8:55:07 AM PDT · by SoFloFreeper · 13 replies
    NBCNEWS ^ | 4/4/13
    Former Enron CEO Jeffrey Skilling, who is serving a 24-year prison term for his role in the energy giant's epic collapse, could get out of prison early under an agreement being discussed by his attorneys and the Justice Department, CNBC has learned. Skilling, who was convicted in 2006 of conspiracy, fraud and insider trading, has served just over six years. It is not clear how much his sentence would be shortened under the deal.
  • Enron's Global Warming Scam Survived It's Bankruptcy

    02/10/2013 1:17:50 AM PST · by kathsua · 9 replies
    lawrence Daily Journal World ^ | February 4, 2013 | Reasonmclucus
    Remember Enron, the corrupt firm whose failure should have disproved the myth "too big to fail", but didn't? At the time it was the seventh largest corporation. It's bankruptcy was the largest in history until Lehman Brothers failed. Incidentally, Lehman Brothers was also involved in carbon trading. Enron owed part of its early success to emissions trading. Basically emissions trading was established as a way for some companies to profit from pollution while allowing some companies to continue to produce the chemicals that can cause acid rain. Lawrence Solomon, executive director of Energy Probe and Urban Renaissance Institute, is reporting...
  • MF Global proves Enron-era (off-balance-sheet) accounting lives on

    12/02/2011 6:45:46 AM PST · by Libloather · 5 replies
    Yahoo ^ | 12/02/11 | Nanette Byrnes
    MF Global proves Enron-era accounting lives onBy Nanette Byrnes | Reuters – 2 hours 14 minutes ago REUTERS - The off-balance-sheet accounting methods that Enron and Lehman Brothers made famous in their epic failures years ago have a modern-day poster child: MF Global . Like its predecessors, the bankrupt brokerage formerly run by Jon Corzine took advantage of an accounting maneuver to keep certain financial obligations off its books, making the firm look less indebted and thus less a risk than it really was. On Thursday, Mary Schapiro, chairman of the Securities and Exchange Commission, told a committee of Congress...
  • Republican Senator Calls on Obama to Cancel Fannie Mae, Freddie Mac Bonuses

    11/01/2011 6:18:49 PM PDT · by ColdOne · 8 replies
    FoxNews.com ^ | 11/1/11 | Ed Henry/FoxNews
    A Republican senator is calling on President Obama to cancel the $12.8 million in bonuses that were approved for 10 executives at the government-seized mortgage giants Fannie Mae and Freddie Mac that received a $170 billion taxpayer-funded bailout. “I am calling on the president of the United States to cancel those bonuses and explain to the American people, the taxpayers who bailed out Freddie and Fannie, why he continues to reward failure,” Sen. John Barrasso, R-Wyo., said at a news conference Tuesday. The two housing giants have received about $141 billion in taxpayer funds since the government took them over...
  • First lady event upsets local Dems

    10/27/2011 4:04:05 PM PDT · by ColdOne · 5 replies
    Politico44 ^ | 10/27/11 | JULIE MASON
    An upcoming Houston fundraiser featuring first lady Michelle Obama at the home of a former Enron executive who is part of a movement to convert public pensions to 401(k)-style plans is angering some local Democrats. John Arnold, a Houston billionaire and former Enron trader, is hosting the Michelle Obama event with his wife, Laura Arnold, at their Houston home on Nov. 1. Arnold is part of an organization pushing to convert public pensions — including teachers, police, firefighters and others — to 401(k)-style plans. The effort launched in California but has plans to go nationwide, according to a story by...
  • Enron castoffs became pipeline, terminal empire

    10/18/2011 5:23:11 AM PDT · by thackney · 4 replies · 1+ views
    Fuel Fix ^ | October 18, 2011 | Tom Fowler
    Ten years to the day after Enron Corp. began its rapid fall, Rich Kinder made a move that may signal his rise to new heights. On Oct. 16, 2001, Enron – from which Kinder had resigned as president five years earlier – reported a surprise third-quarter loss. The loss marked the beginning of the end for the one-time energy giant as it began its spiral to a Dec. 2, 2001, bankruptcy filing, thousands of local layoffs, the collapse of the energy trading business and years of criminal and civil litigation. On Oct. 16 a decade later, Rich Kinder’s company, Kinder...
  • Emails: Obama White House Monitored Huge Loan to 'Connected' Firm (Solyndra)

    09/13/2011 6:11:45 PM PDT · by MissesBush · 78 replies
    ABC News ^ | 09/13/11 | MATTHEW MOSK, BRIAN ROSS (@brianross) , and RONNIE GREENE
    Newly uncovered emails show the White House closely monitored the Energy Department's deliberations over a $535 million government loan to Solyndra, the politically-connected solar energy firm that recently went bankrupt and is now the subject of a criminal investigation. The company's solar panel factory was heralded as a centerpiece of the president's green energy plan -- billed as a way to jump start a promising new industry. And internal emails uncovered by investigators for the House Energy and Commerce Committee that were shared exclusively with ABC News show the Obama administration was keenly monitoring the progress of the loan, even...
  • Obama's Pet Billionaire at Solyndra Make Take White House Down

    09/11/2011 10:00:37 AM PDT · by Kaslin · 84 replies
    Townhall.com ^ | September 11, 2011 | Bob Beauprez
    A high profile, politically well-connected California solar energy company that had won a $535 million loan guarantee from the Obama Administration declared bankruptcy earlier this month and closed its doors sending 1100 workers to the unemployment line.   The demise of Solyndra has already sparked an FBI investigation, congressional hearings, and raised numerous questions of political cronyism and corruption connected to the highest levels of the Obama Administration.   While the White House and Congressional Democrats feign surprise at the collapse of what was described as "the most hyped startup in the crowded Solar Energy field," it appears Obama Administration representatives...
  • Solyndra CEO questioned by FBI

    09/09/2011 1:24:00 PM PDT · by NoLibZone · 28 replies
    news.cnet.com ^ | Sept 9 2011 | Martin LaMonica
    The CEO of government-backed solar company Solyndra was visited by the FBI yesterday but agents did not search his house, according to a Solyndra representative. The Washington Post reported yesterday that the home of Solyndra CEO Brian Harrison was searched after the FBI conducted a surprise raid at Solyndra's Fremont, Calif., solar panel plant. ABC News reported today the FBI also searched the homes of former CEO Chris Gronet and another executive, who is said to be co-founder Kelly Truman. Solyndra made solar collectors by covering glass tubes with thin-film solar cells. (Credit: Martin LaMonica/CNET) Solyndra spokesperson David Miller confirmed...
  • Paul Krugman: The Man, The Myth, The Fraud

    07/13/2011 9:35:11 PM PDT · by Absolutely Nobama · 3 replies
    FRee Republic | 7/14/11 | Alan Levy
    Of all the misfits and demented rejects that have the temerity to call themselves columnists at the New York Slimes , the most detestable of them all is Paul Krugman. Sure, there is Maureen the Moron and Comrade Friedman, but there's a special place in hell for the fraud known as Paul Krugman. Remember this from 1999 ? (Hat tip: Ann Coulter and her fabulous tome, Demonic .) -------------------------------------------------------------------------------- "The retreat of business bureaucracy in the face of the market was brought home to me recently when I joined the advisory board at Enron [Yes, that Enron. The same Enron...
  • Canada's carbon catastrophe begins

    05/17/2011 6:48:04 PM PDT · by george76 · 14 replies
    Ottawa Sun ^ | May 9, 2011 | Lorrie Goldstein,
    It’s like watching the same train wreck — twice. Our politicians are starting to commit the same wasteful blunders, resulting in the same perverse consequences, as the Europeans have in pricing carbon dioxide emissions, ostensibly to fight climate change. The harbinger of many bad things to come for us is now happening in B.C. There, the provincial government is forcing the transfer of millions of tax dollars from cash-strapped schools, hospitals and other public institutions, by requiring them to buy carbon offsets. Money which then benefits hugely profitable energy companies like Encana. This is eerily reminiscent of what happened in...
  • If the United States were a company, what financial shape would it be in?

    03/15/2011 5:57:32 AM PDT · by Kegger · 19 replies
    Kleiner Perkins, the well known Silicon Valley venture capital firm, just released a stunning analysis prepared by their new partner Mary Meeker, a very well-known financial analyst who worked for years at Morgan Stanley and was prescient about the impact of the Internet. Meeker spent about a year gathering publicly available data and refining an analysis of the dire debt and spending fiscal crisis facing the U.S. The result appears to be the definitive compendium of data documenting the incredibly precarious and dangerous situation facing the U.S. from generations of recklessness as welfare state policies and incentives triumphed. In over...