Corporate crime pays

Discussion in 'Politics & Current Events' started by GringoTex, Oct 16, 2002.

  1. GringoTex

    GringoTex Member

    Aug 22, 2001
    1301 miles de Texas
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    Bolivia
    You can help rip off hundreds of millions of dollars and receive no jail time.

    http://story.news.yahoo.com/news?tmpl=story&u=/nm/20021016/ts_nm/financial_andersen_sentence_dc_3

    "Though Andersen (ANDR.UL) was charged after admitting it shredded hundreds of Enron audits records, jurors ultimately decided the 90-year-old Chicago firm was guilty because an in-house lawyer suggested changes to a memo recounting a discussion of the flawed earnings report.

    Since it is a corporate conviction, no one will serve jail time. But the firm, which keeps a minimal corporate structure primarily to settle mountains of litigation, will have to pay the fine and one of its employees will have to meet with federal probation authorities."
     
  2. joseph pakovits

    joseph pakovits New Member

    Apr 29, 1999
    fly-over country
    This is news? It's been going on for over 100 years.


    I feel sorry for the janitor they send to the probation authorities.
     
  3. Mel Brennan

    Mel Brennan AN INTERVIDUAL

    Apr 8, 2002
    Club:
    Paris Saint Germain FC
    Fixed your quote....:)
     

Share This Page