Chapter 577 This is the word of justice
“cheers!”
"cheers!"
“Congratulations to us on our great victory!”
"I wish us a smooth journey through the difficulties!"
In a local luxury estate in Houston, three core management teams of Enron are secretly discussing something. When talking about the recent infamous task force, the three of them couldn't help but smile knowingly and opened a bottle of champagne to celebrate.
The three people present were:
Founder of Enron and former chairman: Kenneth Lay;
Enron's current CEO (CEO): Jeffrey Skiling;
Enron's current cfo (Chief Financial Officer): Andrew Fasto;
These three people are undoubtedly the helm of the huge ship of Enron Energy Company, and are the core of the core.
They dominated the Enron incident's false reporting of financial purposes, seek personal gain, internal transactions, and lie to auditors...
"Boss, you are more capable."
Ceo Skiling held champagne in his hand and smiled: "Just just reveal a little information, let the Houston government, the Texas state government, and the Nasdaq Exchange secretary-general all appear in one day to speak out and support us. Now many people are on our side, I want to see how the investigation team will investigate?"
Just finished speaking.
Cfo Fasto followed and said, "The people from Andersen Accounting Firm are really stupid. We just used a little trick and made them mess around."
"That's it?"
"They Anderson actually dare to claim to be the strongest accounting firm among the world's top four accounting firms. It's really shameless."
Fasto's face was full of disdain.
Even though Andersen Accounting Firm is on their side, it always looks down on what should be looked down on.
"I can't say that completely..."
Former chairman Kenneth Lay raised his lips slightly, "Anders actually has a set of things, which is very useful to us. It is precisely because they are stupid enough that we chose it, right?"
Concealing from auditors is also a compulsory course for entrepreneurs.
Upon hearing this, Skilling and Fasto nodded.
Enron Company was emptied, and their executives' wallets were bulging.
The luxury estate where former chairman Kenneth Lai currently lives was bought by him a year ago, and it cost a full $50 million. In addition to the later renovation and renovation costs, the overall cost exceeded $60 million.
Where did this money come from?
Of course it was cut from the leeks!
"Ahem~"
Kenneth Lai cleared his throat, changed his laughing look, and said solemnly: "Everyone, although we have stabilized Andersen, stabilized the investigation team, and stabilized the trust of investors, this is not a long-term solution after all. After all, it is an indisputable fact that our Anran stock price continues to fall."
As soon as these words came out, the atmosphere at the scene became solemn.
“The boss is right.”
ceo Skilling said in a deep voice: "The first thing is to never allow KPMG and PwC to participate. Once they participate, then the situation will not be controlled by us!"
Chief Financial Officer Fasto? �
“Even if KPMG and PwC are involved, I have a record!”
As the chief financial officer of Enron? Fasto has strong confidence.
The financial statements between various subsidiaries of Enron? He controls all the capital flows of various offshore companies overseas!
Regarding accounts fraud, false revenue reporting, etc., he is definitely a genius.
"You can't be careless, you should be more cautious."
Former chairman Kenneth Lay said.
The two present nodded.
An Ran with a market value of 100 billion US dollars? It’s not that easy to emptiate.
During the discussion, the three of them conspired again.
--scapegoat!
When necessary, they don’t mind “abandoning the car to protect the handsome”.
"Only if you have money and power, then there are scapegoats! As for the so-called soundness of the law, is it just the result of the struggle between regulators and our regulated institutions again and again? I have the ability to settle everything." said former chairman Kenneth Lay.
......
Time passes slowly.
How many days have passed? Everything in Anran Company is calm.
The development of the situation, as Kenneth Lai, former chairman of Enron, expected, after putting huge pressure on the investigation team, the investigation team's investigation and evidence collection work became difficult.
Anran won time!
Chief Financial Officer Fasto used this to win time and tried his best to cover up some loopholes and traces.
A struggle involving regulators and regulated agencies? �
Judging from the current situation, Enron, as a regulated agency, obviously has the upper hand!
At the same time, many financial and social media across the United States have also spoken out one after another, waving the flag and shouting for Enron Company.
For a moment? The stock price of Enron Company actually rebounded slightly!
"I'm just saying it? There's no problem with Anron!"
An investor on the Nasdaq Exchange? said to everyone: "The previous stock price plummeted was only affected by the overall environment of the international financial market. After all, the global natural gas prices were falling in the past few months."
"Now that natural gas prices are rising, Enron's stock price will naturally rebound."
"Yesterday, I invested $500,000 in Enron, which is almost all my wealth. This time I will definitely make a lot of money!"
This investor highly recognizes Enron.
In fact, he is not the only one, but many investors also believe in Enron's "credit".
From 1996 to 2001, Fortune magazine named Enron as the "Most Innovative Company in America" for six consecutive years;
In 2000, Enron was named "The 100 Best Employers in the United States" by the magazine;
On Wall Street, a number of Wall Street elites also regard the luxurious office decoration of Anran as a beautiful talk in their daily discussions;
Everything about it means that Enron is a blue-chip stock in the stock market!
Therefore, even though Enron is facing a huge crisis, it is still trusted by many investors, which is completely understandable.
But......
Just when Kenneth Lay, Skilling, Fasto and other executives were complacent, WB TV, the fifth largest public TV station in the United States, suddenly jumped out.
It suddenly exposed an old adult story about Enron.
"According to our reporters, two auditors of Enron Company, Watek and Brown, found that the company's bank records showed millions of dollars in funds, which were transferred from Enron's account to Louis Boggart and Thomas Mastroni's two private accounts."
"According to our investigation results, Louis Boggot and Thomas Mastroni were responsible for receiving Saudi and Kuwait's head of state, and obtained internal information about OPEC's implementation of the project."
"These internal news allows Enron to make greater profits in oil transactions."
“Second…”
"After the matter was discovered by the auditor, Kenneth Lay, former chairman of Enron, supported the auditors to conduct further investigations and threatened to recover every penny."
“However, what’s the result?”
"Kenneth Lay said that he was full of benevolence, righteousness and morality, but he did not immediately pursue the responsible person. To this day, this matter has become a unsolved case."
“Why?”
“Because the bank record disappeared, it was tampered with!”
As one of the most important media channels for Zhuke, wb TV network naturally has to shoulder certain social responsibilities.
When a reporter met Zhuke by chance, Zhuke said: "This is the word of justice!"
OK ~
Former Chairman Kenneth Lay was stunned!
Chief Financial Officer Fasto exclaimed: "How did WB TV Network know about these dusty past events?"
ceo Skirin browed: "The situation is not good."
This old story of adulthood seems inconspicuous, but at the moment when the Investigation Bureau is struggling, it is undoubtedly a hole.
Chapter completed!