If you are a registered user please log in to see more postings.
 

The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

Subscriptions to full posts available for $500 annually.
Seems Like Just Yesterday
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 9/26/2006 3:24 AM
A couple of news articles about a few denizens of the Enron era surfaced in the past week. You might not remember the name Jamie Olis like you'd remember Ken Lay, but he was a tax accountant with Dynegy who helped arrange that firm's "Project Alpha" to inflate revenues and cash flows using swaps, SPEs and secret side agreements. After the investigation, Olis received a lot of attention for the harshness of his sentence: 24 years. That sentence was tossed out last year in the U.S. Court of Appeals, for being unreasonable. He's been resentenced (by the same judge who sentenced him the first time, Judge Sim Lake) to a six year sentence. Lake also managed the Lay and Skilling trials.

Speaking of Skilling - he's in the news again. Sadly, this time for being ticketed for the misdemeanor of public intoxication as his sentencing date looms on October 23. Meanwhile, fellow Enron perpetrator Andrew Fastow promotes a button-down, nice guy image of a helpful community volunteer as his sentencing date approaches.
Permalink |  Trackback