pay next to nothing



Former Enron CFO settles with SEC
Will pay $300,000 to end government’s fraud case against him
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the rest of the story

http://www.msnbc.msn.com/id/19338217/

imagine that

now he runs a houston based energy company

interesting is it not

That is just plain wrong. Adj, didn't you suggest in another
post to hang someone by their uh huh's and pack sand in their "hey
howyadoin" until the rope broke? You grab a rope and I'll get some sand.

i think someone said that

but not i

not saying i disagree tho

and who is letting this happen

the good ol boys on the hill

Adj, are we going to go into that same old government protects the evil
businessman thing again?

Why not!
Are you trying to say the good-ole-boy network doesnt exist?
YOU SCRATCH MY BACK, I'LL SCRATCH YOURS, is a fact of
professional politics!

Are you trying to say there are not two sets of rules for two different
groups of Americans? Thats just naieve!! Ask Martha Stuart!!

Come on Zap, you know better than that!!!

actually it was me that said string them up and pack them with sand till
the rope broke. Actually it's a wonder that they didn't offer him a job
in government teaching the crooks in Washington how to be more efficient
thieves.

Fanta, I'm not saying it is right, or it doesn't happen, or there isn't
a good ol boy network, I'm saying it is wrong. We have laws in place and
if they arem't exercised than it either wasn't an illegal act that was
committed or it was covered up, which should cause people to do
something about it rather than sit around bit*hing and allowing the
coverup. My point came from the angle of immorality, a word that in
itself will cause people to sit around and bi*tch. What he did was wrong
and it should cost him. I don't think you will find many people
disagreeing with that. Yes, I understand your point. O.J. was found not
guilty. Money talks.

the point of this case is

how many millions disappeared

hard working people had money invested in enron

not just a few rich ones

but enron crumbles under bad management and insider theft

and who stands up for the hard worling people that lost
their retirement money

millions stolen

gets new job running a houston energy company (another 6-7 figure a year
income)

and pays 300k and the enron fiasco goes away

i want a chance at millions i would gladly pay 300k to
walk away with millions and a 6-7 figure a year income


oh yea i aint one of them good ol boys from the secret ivy league school
club

silly me

i think your justice system is disgusting

Did you guys read the article?

The guy wasn't convicted of anything. The fact that the prosecution was
willing to make a deal with him indicates that they didn't have the
evidence to ensure a conviction. They got what they could. The
wonderful thing about the US legal system is that everyone is innocent
until proven guilty.

He's losing his job. He can't work as a CFO for five years. He can't
work as an accountant for three years. They really went after Ken Lay
et al, so we know that he isn't being protected. Would you rather he
went to court, beat the case due to lack of evidence and went on with
his life as if nothing happened? At least this way there was some
ammount of punishment. Besides, we don't know that he did anything
wrong in the first place. It's entirely possible that he was an
innocent dupe, we don't know.

yes i would

if he is willing to settle

that is a sign of what

Perhaps terror at the thought of what happens if he gets convicted?
Hell, if I could afford it and was innocent, I would do the same thing.
Far better to spend a little money and avoid the possiblity (however
slim) of a wrongful conviction.

a little money

300k

5 years of 6-7 figure income

loss of occupation

oh yeah i forgot about the millions he got
so i guess he can afford it

adj4u,

He didn't get that money. If he HAD gotten that money, they wouldn't
have needed to make the deal with him. I guess your opinion is that
he's guilty no matter what and there is nothing to change your mind.
But there was not enough evidence to convict him or he would have gone
to trial. That means there is reasonable doubt. The BTK killers wife
didn't know the man she was sleeping with was a murdering rapist, so how
do you know that the CFO of ENRON KNEW what was being done by the COO
and CEO? It's possible that he didn't, so the reasonable thing to do is
drop it and move on with your life.

How I see it in a Gov. that has not being held reliable to show any of
their Military or Civil Contracting spending ...
where funds of Billions just dissapear, the line of covering each
others asses is endless.. till the whole show will explode or implode
depends on the hedgemoney deals not on justice anymore.

highfidelity,

I don't understand your last sentence, can you dumb it down for me?

Spidercmb.. I really get lost in here.. being new and all its difficult
to find back to the thread..

Hey sorry .. for the slobby spelling .. Hegemony - my mind
wandered somehow on to Hedgefonds ..lol anyhow its just all about the
monopolistic capitalist circles who put their capital interest above all
including U.S. citizens as well as to the rest of the world with the
aim to integrate the economies of all countries into a single global
capitalist economic system under conditions which undermine social
development and adversely affect the situation of women, child health,
education, and social services for the elderly. In addition,
unemployment and poverty will rapidely increase world wide.

Better???

highfidelity,

Don't give it a second thought, your spelling was fine to get your point
across. I guess we have different defintions of hegemony, because my
understanding is that it's a strong group exerting dominance over other
groups through threat of force.

It sure is the same definition.. but how you tackle it down in the end
is the question.. to see what´s behind that group is what I was
refering to as well.. the undermining free economics and democratic
countries legal systems. The threat and dominance is very present all
over the world.

spider

what does cfo stand for

chief financial officer

it is his job to know

where the money came from

and where it goes

if he did not now then he is guilty of not doing his job
and should be open to lawsuits from those that invested
money in the company

that he was the

CHIEF FINANCIAL OFFICER of

don't tell me he is not responsible

it is his job to be responsible