ON this date in 2004 - Former Enron Corp. chief executive Jeffrey Skilling was charged with fraud, insider trading and other crimes in connection with the energy trader's collapse.
Skilling was later convicted and sentenced to more than 24 years in prison.
Chief prosecutors Bun Man and Mr. Purple saw this ruling as a new means to hold irresponsible capitalists in check.
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Sadly, it wasn't what Wall Street learned from all of this and what Congress aided and abetted was not a 'cleaning of our financial house', quite the opposite, it fostered new, slicker, and deeper ways to hide fraud.
Corporations disgust me and the Boyz...
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