Chapter 577: This is the word of justice
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"Cheers!"
"Cheers!"
"Congratulations on our great victory!"
"I wish we can tide over the difficulties smoothly!"
In a local luxury estate in Houston, the three core managements of Enron were discussing something secretly. When talking about the recent infamous project investigation team, the three of them couldn't help but gave out knowing smiles, and Also opened a bottle of champagne to celebrate.
The three people present are:
Founder and former chairman of Anran: Kenneth Lay;
Enron current CEO (CEO): Jeffrey Skilling;
Enron's current CFO (Chief Financial Officer): Andrew Fastow;
These three people are undoubtedly the helm of the huge ship of Enron Energy Company, the core of the core.
They single-handedly led the Enron incident to falsely report financial statements, seek personal gain, internal transactions, and lie to auditors...
"Boss, you still have the best means."
CEO Skilling held champagne in his hand and smiled and said: "Just let the Houston government, the Texas state government, and the Secretary-General of the Nasdaq Stock Exchange reveal a little bit of information in one day. We are safe. Now that many people are on our side, I want to see the investigation team and how to investigate?"
The voice just fell.
CFO Fasto immediately echoed: "And those people from Arthur Andersen Accounting Firm are really stupid. We just did a little bit of tricks, and we turned them around."
"That's it?"
"It's shameful that they dare to claim to be the strongest accounting firm under the four largest accounting firms in the world."
Fasto's face was full of disdain.
Even if Arthur Andersen accounting firm is on their side, they should not be looked down upon, and they are still not well looked down upon.
"Can't say that completely..."
Former chairman Kenneth Lay, the corner of his mouth raised slightly: "Andersen actually has a set, which is very useful for us. It is because they are stupid enough that we chose it, didn't we?"
To hide from the auditor is also a compulsory course for entrepreneurs.
Hearing that, Skilling and Fasto nodded involuntarily.
The Enron company was hollowed out, and all of their executives' pockets were bulging.
As for the luxurious manor where the former chairman Kenneth Lay currently lives, he bought it a year ago and spent a full US$50 million. In addition to the subsequent renovation and renovation costs, the overall cost exceeded US$60 million. .
Where did the money come from?
Of course it was cut from leeks!
"Ahem~"
Kenneth Lay cleared his throat, changed his laughter, and solemnly said: "Everyone, although we have stabilized Arthur Andersen, the investigation team, and the trust of investors, this is not a long-term solution. After all, it’s an indisputable fact that Enron’s stock price continues to fall."
As soon as this remark came out, the atmosphere on the scene immediately became serious.
"The boss is right."
CEO Skilling said in a deep voice: "The first thing is to resolutely not allow the world's four major accounting firms such as KPMG and PricewaterhouseCoopers to participate. Once they participate, the situation is beyond our control!"
Chief Financial Officer Fastow smiled and said, "Relax!"
"Even if KPMG and PricewaterhouseCoopers are involved, I have the record!"
As the chief financial officer of Enron, Fasto has strong self-confidence.
The financial statements between Enron's various subsidiaries, including the capital flows of overseas offshore companies, are all under his control!
He is definitely a genius when it comes to accounting fraud and false revenue reporting.
"You can't be careless, you still have to be more cautious."
Former chairman Kenneth Lay said.
The two people present nodded.
Enron, which has a market value of hundreds of billions of dollars, is not so easy to hollow out.
During the discussion, the three conspired again.
--scapegoat!
When necessary, they don't mind "abandoning the car to protect the handsome."
"Only rich and powerful, then there is a scapegoat! As for the so-called sound law, it is only the result of the regulatory agencies and our regulated agencies, and I have the ability to settle everything." Former chairman Kenneth Lai said.
......
Time passed slowly.
For several days in a row, everything was calm for Enron.
The development of the situation was exactly as expected by Kenneth Lay, the former chairman of Enron. After putting tremendous pressure on the investigation team, the investigation and evidence collection work of the investigation team became difficult.
Enron won time!
CFO Fastow used this to gain time and tried his best to conceal some loopholes and traces.
A struggle involving regulators and regulated institutions kicked off.
Judging from the current situation, Enron, as a regulated institution, obviously has the upper hand!
At the same time, many financial media and social media across the United States have also continued to speak out for Enron.
All of a sudden, Enron's stock price rebounded slightly!
"Let me just say, Enron has no problem!"
An investor on the Nasdaq exchange said in front of everyone: "The previous stock price plummeted, but it was affected by the global financial market environment. After all, the global natural gas prices have been in the past few months. Down."
"Now that natural gas prices have rebounded, Enron's stock price will naturally rise."
"Yesterday, I invested half a million dollars in Enron, which is almost all my net worth. This time I will definitely be able to make a lot of money!"
This investor recognized Enron very much.
In fact, he is not the only one, many investors also believe in the "credibility" of Enron.
From 1996 to 2001, Fortune magazine rated Enron as the "Most Innovative Company in America" for 6 consecutive years;
In 2000, Enron was rated as "The 100 Best Employers in America" by the magazine;
On Wall Street, a group of Wall Street elites also regarded Enron's luxuriously decorated office as a good talk in their daily discussions;
All in all, it shows that Enron is a blue chip stock in the stock market!
Therefore, even if Enron is facing a huge crisis, it still has a lot of trust from investors, which is completely understandable.
but......
When Kenneth Lay, Skilling, Fastow and other Enron executives were complacent, WB TV station ~www.wuxiaspot.com~, the fifth largest public television station in the United States, suddenly jumped out.
It suddenly exposed an old story about Enron.
“According to our reporter’s understanding: In 1987, the two auditors of Enron, Votek and Brown, discovered that the company’s bank records showed that millions of dollars were transferred to Louis Bogut and Thomas Ma’s from Enron’s account. In two private accounts of Stroni."
"According to our investigation results, Louis Bogut and Thomas Mastroni were responsible for receiving the heads of state of Saudi Arabia and Kuwait and obtained internal information about OPEC's implementation of the project."
"These internal news have enabled Enron to obtain greater profits in oil transactions."
"Follow up..."
"After the incident was discovered by the auditor, Kenneth Lay, the former chairman of Enron, supported the auditor to conduct further investigations. He threatened to recover every penny."
"However, the result?"
"Kenneth Lay, who is full of humanity, justice and morality, did not immediately pursue the person responsible. So far, this matter is still a pending case.
"Why?"
"Because the bank record has disappeared, it has been tampered with!"
As one of Zhu Ke's most important media channels, WB Television Network naturally has to shoulder certain social responsibilities.
When a reporter encountered Zhu Ke by chance, Zhu Ke said: "This is the word of justice!"
Ok~
Former chairman Kenneth Lay was dumbfounded!
CFO Fastow even exclaimed: "How did the WB Television Network know about these dusty past events?"
CEO Skilling frowned: "The situation is a bit bad."
This old adult thing seems inconspicuous, but at the moment when the Bureau of Investigation is struggling, it is undoubtedly torn open.
"" The first one is sent, there are votes to vote, dear~
