Word: enronize
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Dates: during 2000-2009
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...less than a week, Ken Lay's criminal conviction in the Enron scandal has been formally thrown out because of his death, and former Enron CEO Jeffrey Skillling has been sentenced to 24 years in prison. But if anyone thinks that means the end of the Enron legal battles, they are as mistaken as the analysts who thought the once high-flying energy trader was a blue chip with a bright future...
...Even in death, Ken Lay's legal odyssey may not be over. Although a Houston judge last week vacated the former Enron chairman's conviction, some legal observers predict the government will appeal the ruling - possibly all the way to the Supreme Court. At issue is - what else - lots and lots of money: there is a flurry of unsettled civil suits brought by investors, employees and victims against Lay and many others involved with Enron. Even if prosecutors have no illusions of actually having the ruling overturned, they may figure that additional legal fees associated with a drawn-out appeals...
...Have you guys ever had a Google moment? What about an Enron moment...
SENTENCED. Andrew Fastow, 44, former chief financial officer of Enron; to six years in jail for his role in inflating profit figures, hiding billions of dollars in debt and enriching himself before the energy giant's 2001 collapse; in Houston. Fastow was set to serve up to 10 years after he had pleaded guilty in 2004, but Judge Kenneth Hoyt attributed the lenient sentence to his family's suffering and his cooperation in the prosecution of ex-CEO Kenneth...
SENTENCED. Andrew Fastow, 44, former chief financial officer of Enron; to six years in jail; for his role in inflating profits, hiding billions of dollars in debt and enriching himself before the energy giant's 2001 collapse; in Houston. Explaining the lenient sentence--Fastow had agreed to serve up to 10 years when he pleaded guilty in 2004--Judge Kenneth Hoyt said Fastow's family had suffered enough, and cited his cooperation in the prosecution of ex-CEO Kenneth Lay. "Prosecution is necessary," Hoyt said, "but persecution...