Word: enronizing
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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...
...course. Savisaar is currently negotiating for the government to buy back the national railway, which it privatized in 2001 - a decision it now regrets. Plans to sell the state-owned energy company collapsed in 2002 when the acquiring U.S. firm couldn't obtain financing in the wake of Enron's bankruptcy. Estonia went through a brief recession and the government had to slash spending when Russia's financial crisis hit in 1998. The birthrate collapsed in the 1990s and has only now begun to turn upward again, helped by incentives including 15 months' maternity leave on full pay. And while...
...While some attorneys, and victims of the Enron scandal, argue that letting Lay - even in death - off the hook is a miscarriage of justice, others say the proposal is mean-spirited. "It's a disguised attempt to punish Lay further - not to help crime victims," says attorney Joel Androphy, author of the legal text White Collar Crime. "It has no global purpose other than being vindictive." Even though the criminal case is over, Androphy points out, Enron victims will still be compensated, because Lay's estate will have to pay any civil judgments. He argues that the proposed law sends...
...They've done the impossible," says Houston attorney Brian Wice, referring to the Enron prosecutors. "They managed to get a death sentence in a non-capital case - and it's still not enough for them...