Question

How was does the corruption in Enron allow to continue? Examples of accountants, lawyers, banks, government,...

How was does the corruption in Enron allow to continue?

Examples of accountants, lawyers, banks, government, sec approved. How did they make money from the fraud?

Homework Answers

Answer #1

Enron CEO Jeffrey Skilling indeed had a way of potent hiding of some real financial losses of the trading business as well as the operations of the company as well. This is actually called mark to market accounting. Here the value of a security that is originally based the current market value but not the actual value. This is one such a technique which can get to work well during the time of trading securities where at times it can also be disastrous as well. In this way they easily got to loot money.

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