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Indictment of an Enron Executive
08/26/2002
The Indictment of an Enron Executive
Thirty-seven year old Michael Kopper, a former high rank executive of the once powerful energy company, Enron, plead guilty to wire fraud.
On August 21,2002 Kopper plead guilty in Houston to the charges of conspiracy to commit money laundering and wire fraud. The former managing director marks the first criminal indictment in the company’s history.
Kopper worked closely with Enron’s CFO Andrew Fastow a known advocate in the disguise of the company’s debt. Together, they had been working on three of Enron’s transactions known as RADR, Chewco, and Southampton. These projects allegedly aided in the company’s true debt of its assets and liabilit...
08/26/2002
The Indictment of an Enron Executive
Thirty-seven year old Michael Kopper, a former high rank executive of the once powerful energy company, Enron, plead guilty to wire fraud.
On August 21,2002 Kopper plead guilty in Houston to the charges of conspiracy to commit money laundering and wire fraud. The former managing director marks the first criminal indictment in the company’s history.
Kopper worked closely with Enron’s CFO Andrew Fastow a known advocate in the disguise of the company’s debt. Together, they had been working on three of Enron’s transactions known as RADR, Chewco, and Southampton. These projects allegedly aided in the company’s true debt of its assets and liabilit...
Posted by: John Mayes
Limited version - please login or register to view the entire paper.