Enron
As, Enron Corporation started it followed the oil and energy crises of the 1970’s. It was founded in Omaha, Nebraska. Headquarters was located in Houston, Texas and staffed about 20,000 people. It became one of the largest natural gas and electricity provider in the United States, and throughout the world. In the 1990’s Enron was considered a motivated, and financially booming company, with share trading at about $90. However, the public did not know, how the success of the company was a complete lie and one of the largest examples of a white-collar crime in the history of business. Kenneth Lay, CEO worked to engineer the merge of Natural Gas Company. As CEO at the time Kenneth Lay merged with Internorth Incorporated. At the time, Samuel …show more content…
As both of concealment and conspiracy are both used in white collar crimes and common crimes. The difference in common crime is concealment is used for identity and white collar crimes are used to mask the crime. As Andrew Fastow CFO was the highest ranking Enron executive who was found guilty of lying about the books. He was investigated in the Houston Energy corporation scandal. What was found out later when he went to court was he admitted to working with coconspirators to cook Enron’s books, and later found out he was keeping around 43 million for himself. Though as we know Andrew Fastow knew a lot about what Enron was doing this whole time. The main focus however is what Jeff Skilling and Kenneth Lay knew because at this time they both were selling their stock in Enron at the same time. Though when this went to court Skilling denied that he had known Enron was going under along with Ken Lay. One former prosecutor who had been following the case said. “The chief financial officer is generally the most critical player in a financial scandal. He is essentially in the catbird seat and should know where the bodies are
As, Enron Corporation started it followed the oil and energy crises of the 1970’s. It was founded in Omaha, Nebraska. Headquarters was located in Houston, Texas and staffed about 20,000 people. It became one of the largest natural gas and electricity provider in the United States, and throughout the world. In the 1990’s Enron was considered a motivated, and financially booming company, with share trading at about $90. However, the public did not know, how the success of the company was a complete lie and one of the largest examples of a white-collar crime in the history of business. Kenneth Lay, CEO worked to engineer the merge of Natural Gas Company. As CEO at the time Kenneth Lay merged with Internorth Incorporated. At the time, Samuel …show more content…
As both of concealment and conspiracy are both used in white collar crimes and common crimes. The difference in common crime is concealment is used for identity and white collar crimes are used to mask the crime. As Andrew Fastow CFO was the highest ranking Enron executive who was found guilty of lying about the books. He was investigated in the Houston Energy corporation scandal. What was found out later when he went to court was he admitted to working with coconspirators to cook Enron’s books, and later found out he was keeping around 43 million for himself. Though as we know Andrew Fastow knew a lot about what Enron was doing this whole time. The main focus however is what Jeff Skilling and Kenneth Lay knew because at this time they both were selling their stock in Enron at the same time. Though when this went to court Skilling denied that he had known Enron was going under along with Ken Lay. One former prosecutor who had been following the case said. “The chief financial officer is generally the most critical player in a financial scandal. He is essentially in the catbird seat and should know where the bodies are