Enron

One of the largest bankruptcies in American history cost pension holders and shareholders billions of dollars, while those who perpetuated the fraud and massive cover-up cashed in their stock options and made their personal fortunes. Having friends in high places didn't hurt, as Enron was the Bush Administration's top corporate donor, ensuring that their cover up would only continue.

Through the creation of thousands of limited-liability corporations that maintained 'partnerships' with the energy giant, Enron was able to become the 7th largest company in America in 2001 -- all while hiding hundreds of millions of debt. All of these transactions were approved by their auditing firm, the now-defunct Arthur Anderson.

Jeffrey Skilling

Former Enron CEO Jeffrey Skilling turned himself into federal authorities as indictments were filed against him. Skilling had taken the helm of Enron in 2001, succeeding Ken Lay, only to resign less than six months later.

	Skilling, former Enron Chief, surrenders to authorities
	Ex-Enron CEO indicted for fraud
	Former Enron CEO Skilling surrenders to FBI
	Read the SEC complaint against Skilling (*.pdf file)
	Read the SEC indictment against Skilling (*.pdf file)

Andrew Fastow

Former Enron finance chief Andrew Fastow pleaded guilty today to two counts of conspiracy to commit fraud. In addition to a ten-year prison sentence, he will be forced to give up close to $24 million in assets. This, and the conviction of his wife, former Enron assistant treasurer Lea Fastow, may pave the way for indictments against people like Ken Lay and Jeffrey Skilling.

	Enron's Fastow pleads guilty
	Fastow to help prosecutors build case against Lay and Skilling
	Lay's lawyers point finger at Fastow
	Who will Fastow implicate?

News

Enron is seeking the aid of the state and federal court systems to collect over $1 billion in outstanding debt in order to help pay off its own massive $67 billion debt to defrauded investors.

Enron Collects on Debt to Pay Off its Own

John Forney, a former manager of Enron's trading desk in Portland is beginning to plea bargain with prosecutors over his participation in the California energy fiasco.

Ex-Enron Trader Starts Plea Bargaining

Ben F. Gilsan, Jr., the former treasurer at Enron was sentenced to five years in prison for securities and wire fraud. He currently is the highest Enron executive to admit any wrongdoing.

	Enron Treasurer Admits Wrongdoing
	Read the SEC Complaint Against Gilsan

The former CFO of Enron will be tried separately from his co-defendants on April 20, 2004. Fastow faces over 100 charges in the 109-count indictment.

	Court Date Set for Enron CFO Andrew Fastow
	Read the SEC Complaint Against Fastow