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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Enron

Enron stories: 11 news summaries

Supreme Court to Hear Enron CEO's Appeal

Jeff Skilling challenges 'honest services' law, says trial was unfair

Oct 13, 09 9:56 AM CDT
(Newser) - The Supreme Court has agreed to hear former Enron CEO Jeffrey Skilling’s appeal of his fraud conviction in connection with the company's collapse. The appeal argues that the federal “honest services” statute, a favorite for prosecutors tackling white collar criminals, is flawed because the government needn’t prove... More »

MORE ABOUT:
Conrad Black • Enron • white collar crime • US Supreme Court • Jeffrey Skilling

OPINION

 These Kooks 
 Aren't Fooling Anyone 


Aug 14, 09 12:49 PM CDT
(Newser) - The “wild-eyed rants” reverberating through town hall meetings are pretty amusing. But do Republicans “really think the country is dopey enough to mistake microwave mobs staging Potemkin village protests” for actual American rage, asks Scot Lehigh of the Boston Globe. “If so, they’re delusional.”... More »

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health care • protests • Enron • health care reform • town hall meeting • medical care

Financial Fraud Investigations Overwhelm FBI

Enron-style crisis in mortgage, bailout cases looms

Feb 12, 09 9:13 AM CST
(Newser) - The mortgage crisis and the billions of bailout dollars finding their way into circulation have spawned a surge in fraud cases that already is straining federal law enforcement resources, reports the Los Angeles Times. The FBI is stretched to the limit by 2,300 current investigations—but just 38 are... More »

MORE ABOUT:
Department of Justice • FBI • fraud • Enron • financial crisis

analysis

Gramm Guilty
of Sparking Subprime Mess

Ex-senator still has clout despite dire deregulation

Jul 26, 08 5:10 PM CDT
(Newser) - Former Senator Phil Gramm helped create the subprime meltdown, yet faces no punishment—and could even become treasury secretary if John McCain wins in November, David Corn writes in Mother Jones. Eight years ago, a Gramm bill stopped the feds from regulating insurance policies that protected Wall Street securities. These... More »

MORE ABOUT:
John McCain • Treasury Department • Enron • subprime crisis • Phil Gramm

OPINION

'Venal' Phil Gramm No Big Loss to McCain Camp

'Nation of whiners' quote simply the latest in a long string of bad moves

Jul 15, 08 8:15 PM CDT
(Newser) - "Nation of whiners” adviser Phil Gramm was simply an "accident waiting to happen" for the McCain campaign, writes Max Blumenthal in Huffington Post. Blumenthal runs down the “reactionary, venal and destructive” senator’s foibles—which run from enabling Enron to investing in porn. Gramm “left a... More »

MORE ABOUT:
John McCain • gay rights • pornography • white supremacism • Enron • subprime crisis • Phil Gramm • Whinergate • NEA

Bankrupt Lender's Audit Lapses 'Mind Boggling'

Bankrupt subprime lender, auditor ripped in report on business practices

Mar 27, 08 8:23 AM CDT
(Newser) - Auditors at now-bankrupt New Century Financial—once one of the nation’s largest subprime lenders and one of the earliest to fail—were accused of “mind boggling” lapses in a Justice Department report on the debacle released yesterday. Partners at accounting firm KPMG are said to have ignored... More »

MORE ABOUT:
Department of Justice • bankruptcy • credit crisis • Enron • subprime crisis • New Century Financial • subprime lender • KPMG • Arthur Anderson • accounting firm

Court Rejects $40B Suit from Enron Investors

Plaintiffs claimed
banks abetted
fraudulent deals

Jan 23, 08 4:15 AM CST
(Newser) - The Supreme Court yesterday turned away an appeal from Enron investors seeking to sue banks that loaned the company money, Bloomberg reports. A lower court ruling had blocked the investors from organizing a $40 billion class-action suit against Merrill Lynch, Credit Suisse and other banks. The investors accused the banks... More »

MORE ABOUT:
Barclays • Credit Suisse • Merrill Lynch • lawsuit • Enron • US Supreme Court

Court Limits Investors' Suits Over Fraud

Justices side with big business in important securities case

Jan 15, 08 5:14 PM CST
(Newser) - The Supreme Court today made it harder for defrauded investors to sue to get their money back. The court limited the ability of investors to sue third parties—accountants, bankers, and lawyers, for example—who help a company commit securities fraud. The 5-3 ruling, considered one of the most important... More »

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investors • Enron • John Paul Stevens • US Supreme Court • right to sue • subprime crisis

Ex-Enron Chief
Not Guilty, Widow Says

Feds want $13M from his estate, but must re-prove crimes

Nov 30, 07 9:33 PM CST
(Newser) - Ex-Enron chief Ken Lay is innocent, and the feds shouldn't drain $13 million from his estate in a civil suit—at least not according to his widow. Linda Lay's filing today denies "any criminal activity on the part of Kenneth L. Lay, including his alleged participation in securities fraud,... More »

MORE ABOUT:
Enron • bankruptcy fraud • Linda Lay • Ken Lay

Brit Enron
Bank Grafters
Plead Guilty

'Natwest Three' confess to fraud charge
in plea bargain

Nov 29, 07 3:12 AM CST
(Newser) - Three British bankers confessed to an Enron scam in Texas yesterday, admitting to a single charge of transatlantic wire fraud as part of a plea bargain. They'll now have to pay back the $7.3 million the scam netted. The "Natwest Three" said in a statement they hoped this... More »

MORE ABOUT:
sentencing • extradition • wire fraud • Enron • Natwest Three

Subprime Crisis Sparks a Spate of Legal Battles

Investors, homeowners, banks head to court, but obstacles lie ahead

Sep 11, 07 11:24 AM CDT
(Newser) - The troubles plaguing Countrywide and Bear Stearns’ hedge funds will move from the boardroom to the courtroom. Homeowners and banks are suing mortgage lenders, shareholders are suing funds, the SEC is investigating executives, and Congress may conduct hearings into credit agencies' practices. The current mess ensnares “an incredible range... More »

MORE ABOUT:
Wall Street • investors • subprime mortgages • Bear Stearns • lawsuit • hedge fund • Countrywide • Enron • Worldcom • homeowners

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