>>6895408There's a few good documentaries out about it, but it's got nothing to do with Corporate Ministry
>Kenneth Lay merges Houston Gas and InterNorth, which meant he effectively ran a good chunk of the Midwest energy>Lay hires a bunch of executives that figure out how to use Creative Accounting, loopholes, sloppy financial record keeping and using special purpose entities to hide billions of dollars in failed projects>At the time, there were the Big 5 Auditing Firms, Arthur Anderson, Deloitte, Ernst & Young, KPMG, and Pricewaterhouse>AA was the one attached to Enron>A good chunk of the billions in debt is spent on keeping AA quiet about it>the whole thing falls apart when some journalist asks "hey the way these energy companies do business, there's no real way to verify if any of these numbers are correct", exposing the business>one dude catches on, investigates Enron>Enron's numbers dont make sense, their broadband is outpacing everyone else in 2001>There's also way too much spending of invested capital>oh yeah insiders are jumping off the boat>people in general were skeptical of Enron's numbers>then actual investigation starts>Enron dies and brings AA down with itWiki has a whole host of things Enron did. It wasn't just one shady tactic, those fuckers did everything they could. Fun fact: the CEO of Enron at the time only served 14 years of his 24 year sentence, and is now running an online oil and gas trading platform. Lay died in 06, but the main dude who did it got a slap on the wrist.
