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shoes

The main man in the charge of the scandals at Enron is Andrew S. Fastow, who later became the chief financial officer. He was in charge of all the finances and creating partner-ships, which of course weren’t recorded. During the month of December Enron started to fall. After, the collapse of Enron was being investigated by a federal task force, which filed a criminal complaint that accused Fastow of defrauding investors by continuing to give false financial statements through a variety of partnerships. Because of a series of transactions that led the company to look as if it’s debt were cut and increase it’s profits by ways that violated accounting regulations. In order to generate millions of dollars...

Posted by: Geraint Watts

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