The different types of fraud that were committed by Enron.
TABLE OF CONTENTS
Introduction..........................................................................................1
Who Committed Fraud?.....................................................................1 - 2
How Was Fraud Committed?...............................................................2 - 4
Why Was Fraud Committed?...............................................................4 - 5
Penalties Of Committing Fraud.............................................................. 6
Ways Of Preventing Fraud............................................................... 6 - 10
Conclusion...................................................................................... 10
References.................................................................................... 11-12
THE FRAUDS AT ENRON
Enron committed all types of fraud, from mail fraud and shareholder fraud to security, wire fraud and money laundering. While analyzing these frauds it will be seen who committed the fraud, why did they commit it, how did they commit it, the penalty and punishment given to those who were apart of it, the key players, the penalty and punishment given to those who are innocent bystanders, the penalty given to Enron as a whole, how these types of frauds can be prevented in the future and how Enron could of prevented these frauds from occurring, and how to bring back the trust that was lost due to fraud in the markets.
When it comes to wire fraud, there are a couple of main players from Enron. The key players from Enron who committed wire fraud are Timothy Belden, Andrew Fastow, Jeffrey Richter,Michael Kopper, Jeffrey Skilling, and most of all Enron trader's in general. By knowing that wire fraud is "anyone who uses interstate wire communication facilities in carrying out a scheme to defraud."(Lectric Law Library), and that shareholder fraud is" when the employees of a corporation deliberately deceive the company's shareholders by misrepresenting information
Introduction..........................................................................................1
Who Committed Fraud?.....................................................................1 - 2
How Was Fraud Committed?...............................................................2 - 4
Why Was Fraud Committed?...............................................................4 - 5
Penalties Of Committing Fraud.............................................................. 6
Ways Of Preventing Fraud............................................................... 6 - 10
Conclusion...................................................................................... 10
References.................................................................................... 11-12
THE FRAUDS AT ENRON
Enron committed all types of fraud, from mail fraud and shareholder fraud to security, wire fraud and money laundering. While analyzing these frauds it will be seen who committed the fraud, why did they commit it, how did they commit it, the penalty and punishment given to those who were apart of it, the key players, the penalty and punishment given to those who are innocent bystanders, the penalty given to Enron as a whole, how these types of frauds can be prevented in the future and how Enron could of prevented these frauds from occurring, and how to bring back the trust that was lost due to fraud in the markets.
When it comes to wire fraud, there are a couple of main players from Enron. The key players from Enron who committed wire fraud are Timothy Belden, Andrew Fastow, Jeffrey Richter,Michael Kopper, Jeffrey Skilling, and most of all Enron trader's in general. By knowing that wire fraud is "anyone who uses interstate wire communication facilities in carrying out a scheme to defraud."(Lectric Law Library), and that shareholder fraud is" when the employees of a corporation deliberately deceive the company's shareholders by misrepresenting information
References: bankruptcy in U.S. history. Hoboken: N. J. 2002.