THE FRAUDS AT ENRON
Enron committed all types of pseudo, from mail fraud and shareowner fraud to security, electrify fraud and money laundering. While analyzing these frauds it exit 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 shoot back the trust that was lost due to fraud in the markets.
When it comes to cable fraud, there are a couple of principal(prenominal) players from Enron. The key players from Enron who committed wire fraud are herds grass Belden, Andrew Fastow, Jeffrey Richter,Michael Kopper, Jeffrey Skilling, and most of all Enron traders in general. By knowing that wire fraud is anyone who uses interstate wire communication facilities in carrying pop a scheme to defraud.
(Lectric Law Library), and that shareholder fraud is when the employees of a corporation measuredly deceive the companys shareholders by misrepresenting entropyrmation (Shareholder fraud info center) and security fraud is when on party deliberately misinforms another party during the trading of stocks, bonds, an other securities. (Securities fraud info center), it is able to be shown how Timothy Belden, Andrew Fastow, Jeffrey Richter, Michael Kopper, and Jeffrey Skilling committed these types of fraud in some of the following ways.
Timothy Belden, the head of Enrons energy-trading operation, committed wire fraud by playing his part in the usance of Californias energy market that would cause the drive up of military force prices. A way the he contributed to this fraud was by purchase Californias power at cheap, capped prices. They would then route them removed of California and then sell it back into California at a very highly inflated price. These types...If you want to put down a full essay, order it on our website: Orderessay
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