Word: fastowã
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When LJM began to fail and investors became worried about Fastow??€™s dealings with Enron and LJM, Enron was forced to cut ties with the company and take a loss of $1 billion, which contributed to the company’s Dec. 2 bankruptcy filing...
When Stupak asked Winokur if the board was aware of the conflict of interest controlling LJM represented for Fastow, Winokur answered that the conflict of interest was known, but that safeguards were prepared to make sure that all of Fastow??€™s actions were ethical...
Companies such as LJM Investments, named for the initials for Fastow??€™s wife and children, were set up to help hide the high costs of the rapidly expanding natural gas and electricity giant...
Several years ago, to help keep the costs of the rapidly growing Enron off the balance sheet, then-Enron CFO Andrew S. Fastow??€”who was ousted in October—set up LJM investments, named for the first initials of his wife and children...
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