The former chief accountant of the broker in energy Enron, Richard Causey, was condemned to 5 years and half of prison by a federal court of Houston. He had pled guilty in December 2005 several of more than 30 criminal charges retained against him, in particular of financial fraud liable to maximum a seven years of prison. Richard Causey admitted having conspired with other members of the direction of Enron to make false and untrue statements in documents transmitted to the Securities and Exchange Commission (SEC) and in the information transmitted to the financial analysts on the situation of the group of broking in energy.

AFP

2006

Former Enron executive Jeffrey Skilling was sentenced to 24 years and four months in federal prison for his role in Enron's massive accounting fraud. Skilling was convicted on charges including fraud and conspiracy.

San Jose Mercury News

2006

AFP

2006

Les Echos

2006

Former Enron Corp. chiefs Ken Lay was convicted of all six counts of conspiracy and fraud in the 2001 collapse of Enron. He faces a maximum of 45 years in prison. Skilling, 52, was found guilty of 19 counts of conspiracy, fraud, insider trading and making false statements which combined, carry a maximum sentence of 185 years.

Reuters

2006

Former Enron Chief Executive Ken Lay lied to credit agencies to prop up the energy trader's ratings even as its cash dwindled, the company's former treasurer testified. Former Treasurer Ben Glisan, 40, said Enron forewarned credit rating agency Moody's Inc. it would cut the value of some overvalued assets by $1 billion in October 2001, but Lay telephoned the agency to tell an analyst there the company had no other skeletons to hide. In fact, Glisan said, those asset write-downs should have been at least $3.5 billion, but he and Lay knew revealing such dramatically bad news would send the company into a death spiral.

Reuters

2006

Former Enron Corp. chiefs Ken Lay and Jeffrey Skilling manipulated the reported earnings for the fourth quarter of 1999 and the second quarter of 2000.

Reuters

2005

Scheme to drive up energy prices during California's power crisis in order to "maximize profit": bought California power at cheap, capped prices, routed it outside the state, and then sold it back into California at vastly inflated prices. Agreed to a $1.52 billion settlement to resolve California claims the company drove up prices during the state's energy crisis of 2000 and 2001.

Bloomberg

2005

10 anciens administrateurs d'Enron avaient accepté de transiger une « class action » d'actionnaires à hauteur de 168 millions de dollars: 13 millions seront supportés par les administrateurs sur leur patrimoine propre, le solde devant être financé par l'assurance.

Les Echos

2003

David Delainey pled guilty to insider trading, forfeited $4.26 million in unlawful proceeds, ordered to pay a $3.74 million civil penalty

CNN

2003

Lea Fastow is accused of conspiring to skim profits from the company's wind farm operations and of failing to report the income to the US IRS. 31 new charges against Andrew Fastow. Nine other Enron executives were also charged.

BBC News

2002

"Paid no income taxes in four of the last five years, using almost 900 subsidiaries in tax-haven countries and other techniques; was also eligible for $382 million in tax refunds from the Treasury"

New York Times

2002

Enron obscured its finances with a complex web of partnerships and questionable accounting practices that fooled debt-rating agencies, Wall Street analysts and investors.

CNN

2002

A créé deux firmes, Hansen Investments Ltd. et Newman Investments Co, pour que des paiements sur le capital d'un prêt à une entreprise de pâtes et papier du Québec soient considérés comme des intérêts déductibles, a permis d'économiser 93 millions $.

La Presse Canadienne

2002

Michael J. Kopper pleads guilty to financial wrongdoing, will surrender $12 million, based on a $125,000 investment in a partnership called Chewco.

Washington Post

2002

Andrew Fastow was charged with fraud

CNN

2002

reported false data about the price of natural gas. State Senator Joseph Dunn: "wholesale manipulation at every level (...) effort to drive up prices by any means necessary"

New York Times

2001

The London Metal Exchange fines Enron 150.000 pounds sterling for abuse of dominant position.

Les Echos

2001

Enron allegedly violated accounting rules by falsely claiming $111 million in profit from the Internet venture with Blockbuster, two officers were charged with securities fraud, wire fraud, conspiracy and making false statements to FBI investigators.

CBS Marketwatch

2001

Enron and former company vice president, Hunter Shively, charged with manipulating natural gas prices.

CNN

2001

Enron accused of operating EnronOnline as "an illegal futures exchange" from September 2001 to December 2001 because it traded commodity futures contract swaps, which required CFTC registration.

CNN

2001

plainte de la CFTC accusant Enron et un ancien vice-président, Hunter Shively, d'avoir manipulé en juillet 2001 les prix sur le marché du gaz naturel

AFP

2000

Two Enron Corp. executives were accused by U.S. prosecutors of fabricating $111 million in profits from a video-on-demand venture with Blockbuster Inc

Bloomberg

2000

0,85

billion US$

Forbes

1999

0,64

billion US$

Forbes

1998

allegedly rigged brazilian utility bid: Enron agreed not to bid for the utility in return for other potentially lucrative energy deals with AES (build and operate a 1500Mw power plant and supply it with gas).

1998

0,59

billion US$

Forbes

1998

31,26

0,7

billion US$

1997

0,01

billion US$

Forbes

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assets

buyback

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purpose : intermediary/lobby : institution

source

2003

win a contract to build a power plant on a barge in Puerto Quetzal : Sun King : : Serrano government

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Corriere Della Sera

2001

12 tax deals from 1995 to 2001 to save $2Bn :

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BBC News

2001

legislation favorable to company's interests: liberalization of energy markets. : PAC Contributions : amount: 114 thousand US$ : US government, congress, senate

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Opensecrets.org

2001

Access to foreign market (through MAI, WTO, GATS), prevent binding environmental regulations : USCIB (US Council For International Business) : : US Government

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USCIB

2000

Oppose to emission limit, no greenhouse effect : International Climate Change Partnership, Pew Center on Global Climate Change :

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PR Watch

2000

Deregulation of US energy market : Alliance for Lower Electric Rates Today, Americans for Affordable Electricity :

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PR Watch

2000

Legislation favorable to company's interests : Direct donation : amount: 2000 thousand US$ : US President, Congress, Senate

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Opensecrets.org

2000

market-based "solutions" to climate change: nuclear energy, pollution emission trading permit. : CEPS (The Centre for European Policy Studies) - Climate Change : : European Commission

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Corporate Europe Observatory

1999

successfully lobbied the Treasury Department to change the agency's position on the regulation of over-the-counter (OTC) derivatives : Democratic National Committee : amount: 147 thousand US$ : US Democratic Party

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Public Citizen

1999

successfully persuaded Treasury not to oppose the company's efforts to deregulate energy trading : : Treasury

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Public Citizen

1999

Deregulation and "maximum liberalization" through WTO, GATS : TABD (Transatlantic Business Dialogue) : : US Government / European Commission

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Corporate Europe Observatory

1999

Market access and investment protection (through WTO, GATS), avoid social and environmental rules : ICC (International Chamber of Commerce) : : WTO, GATS

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Corporate Europe Observatory

1998

Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 210 thousand US$ : US President, Congress, Senate

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Center for Responsive Politics

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