Enron Chief Financial Advisor Pleads Guilty

2 Pages 559 Words

“Enron chief financial officer pleads guilty”

The first and foremost problem with this is that Lea Fastow was in the top tier of management in Enron, which is a gigantic company that is now all, but gone from our memory. Due to his great authority, reputation, and his past with this company he was easily able to deceive everyone at the company. With the knowledge he had of investments and the experience he had everyone in the company was more than happy to go along with him and his recommendations just for the simple fact that the people assumed that he knew what he was doing. When really all that was happening was a large amount of lies and deception simply to line his pockets and many other chief executive pockets with enough money to walk away even once caught with a smile on their face while what they did not realize, is how many people, including ones with families are getting horribly hurt by these despicable tactics.
Fastow openly lied to shareholders just to make money for him and others. First of all, they entered into side deals that were completely built up with “off-the-books,” enterprises. The companies that even did actually exist in these plans and deals are actually worse off than they would have been if they would have gone on with it by themselves, but due to their getting involved with Enron, Fastow, and the other chief executives they are under or going under as a finality in the matter.
These deals are including fraudulent transactions not only just within the inner confines of Enron, or even within the very limits of our national borders, but clear across international lines. The Enron scandal has penetrated worldwide and therefore hurts people worldwide. Some of these schemes were also simply to allow for unsuspecting people to keep investing their hard-earned dollars into the Enron and its partner companies, in order, to make even more money for the corrupt officials there.
After ruining thousan...