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Enron Essay

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Below is an essay on "Enron" from Anti Essays, your source for research papers, essays, and term paper examples.

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 "(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 Enron's energy-trading operation, committed wire fraud by playing his part in the manipulation of California's energy market that would cause the drive up of power prices. A way the he contributed to this fraud was by buying California's power at cheap, capped prices. They would then route them outside of California and then sell it back into California at a very highly inflated price. These types...

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"Enron". Anti Essays. 18 Dec. 2018


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