HOUSTON -- The first criminal trial involving former Enron Corp. executives "is a case about cheating and lying" with Wall Street's help, a prosecutor said Tuesday. For Enron, the alleged sham sale of three electricity-producing barges moored off the coast of Nigeria at the end of 1999 helped the energy company appear to have met earnings targets.
...The government contended that the sale was a sham whose sole purpose was to allow Enron a... Enron did not actually sell a stake in the barges but instead secretly promised that a company run b...
... is earned, the total contract price for the sale of barges--including amounts withheld by customers...
Italy's government approved $64.84 billion Friday in emergency austerity measures over two years to balance the budget by 2013 in response to demands by the European Central Bank. The Cabinet approved the package of cuts and new taxes despite fierce resistance from local government officials, who denounced the measures as socially unjust and as damaging to economic growth.The measures were whipped together in response to the ECB, which demanded a balanced budget a year earlier than anticipated as well as structural reforms to promote growth. The measures include an extraordinary "solidarity" tax for high-earners. Berlusconi's "solidarity" tax could encourage greater tax evasion, as those who don't draw a declared salary from an employer would be tempted to hide income through cash payme...
... A or B hereof; (3) The net proceeds from the sale or other disposition of any of the vessels listed ... off barges from ...
HOUSTON Five men convicted of helping push through Enron Corp.'s sham sale of power barges to Merrill Lynch & Co. could serve more prison time for the tiny deal than former Enron finance chief Andrew Fastow, who admitted orchestrating myriad schemes that fueled the company's collapse. Jurors who convicted the four former Merrill bankers and a former Enron finance executive on Wednesday heard from experts Thursday regarding investor losses stemming from the 1999 barge deal.
HOUSTON (AP) -- Five men convicted of helping push through Enron Corp.'s sham sale of power barges to Merrill Lynch & Co. could serve more prison time for the tiny deal than former Enron finance chief Andrew Fastow, who admitted orchestrating myriad schemes that fueled the company's collapse. Jurors who convicted the four former Merrill bankers and a former Enron finance executive on Wednesday heard from experts Thursday regarding investor losses stemming from the 1999 barge deal.
... transporting it to that and other states for sale. The transportation to Louisiana is in coal boats or barges. For some years the sales were largely in bulk by ...
[...] in 2007, the International Maritime Bureau specifically warned mariners and ships bound for or transiting the country to exercise extreme caution and took the unprecedented step of officially writing to the central government to take appropriate action to address the activities of armed criminals and militias operating within its sovereign boundaries. Instituting a broad-ranging, pragmatic program of promoting internal governance, encouraging Nigeria to use its sizeable resources to alleviate economic marginalization and underdevelopment, boosting Nigerian coastal /port monitoring and interdiction capabilities through the provision of appropriate surveillance assets, training and technical support, and underwriting a well-defined program of security assistance will necessitate in...
... and extracting their contents onto barges for re-sale. Initially a relatively small-scale en...
This article examines the federal government's growing use of 18 USC § 1346 to prosecute public company executives for breaching their fiduciary duties. Section 1346 is a controversial but under-examined statute making it a felony to engage in a scheme "to deprive another of the intangible right of honest services." Although enacted by Congress over twenty years ago, the Supreme Court repeatedly declined to review the statute, until now. The questions before the Supreme Court are of particular interest to public company executives and their professional advisors. Traditionally, Delaware law has governed the content and enforcement of executives' legal duties, largely protecting public company fiduciaries from civil liability. Now, with the emergence of honest services fraud as a weapon ...
... are in connection with the purchase or sale of a "covered security."151 By preempting their st... with Enron's sale of Nigerian power barges.363 A federal jury found the bankers guilty of dep...
ver las páginas en versión mobile | web
ver las páginas en versión mobile | web
© Copyright 2012, vLex. All Rights Reserved.
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company
Other interesting searches:
generic drug manufacturers | Banque Federale Des Banques Populaires | Damián Martínez | Al Fatmi | Joe Womack | obtencion conocimiento | estado merida premilitar | Enduits | Líneas permanentes de uso general
