Word: houstons
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...Presidential campaign of George W. Bush-when U.S. Attorney General John Ashcroft had to recuse himself from the probe because he had received $57,499 in campaign cash from Enron for his failed 2000 Senate re-election bid in Missouri. Then the entire office of the U.S. Attorney in Houston recused itself because too many of its prosecutors had personal ties to Enron executives-or to angry workers who have been fired or have seen their life savings disappear...
...Cabinet secretaries for help. Press secretary Ari Fleischer told Bush he should expect to be asked about any contacts that he had with Lay. Fleischer had researched the matter, and he "refreshed" the President's memory about the last time he met with Lay: in spring 2001, in Houston, at an event hosted by Bush's mother. O'Neill was present at the Thursday discussion and said, "Oh, by the way, you need to know that I had a conversation with Ken Lay. He called me." O'Neill described the call as a "heads up" about Enron's financial woes...
...Mark Cheffers, CEO of accounting Malpractice.com, says of Arthur Andersen: "Even if they're innocent, it looks like a massive cover-up." Andersen reported its destruction of Enron documents to the SEC and Justice Department early last week-just before four congressional investigators arrived at the company's Houston office on Wednesday. Committee officials immediately demanded the personal records of the partner and five top executives working on the Enron account...
...incident further tars the name of venerable Arthur Andersen, which in June settled allegations of fraud stemming from its audit of Houston-based Waste Management and paid a $7 million fine without admitting any wrongdoing. Last year, again without admitting wrongdoing, Andersen agreed to pay $110 million to settle a class action brought on behalf of shareholders of another client, Sunbeam, which had misstated its financial results during the 1990s. These days, an Andersen competitor observes sardonically, settling a fraud case appears to be good for attracting business from other firms that want a soft touch for an auditor...
Laura Clancy ’02-’03, Morgan E. Hall ’02 and Jan Hridel ’02 received the 2001 Donald W. Moreland Prize. The Neil J. Houston Award went to Ariadne G. Lie ’02 and Becky A. Windt...