What was the valhalla scandal

Insiders say he touted Borget as a rising star, just as he did Skilling and Fastow. The pattern was as evident in as it was in executives of questionable moral character, secret bookkeeping, hidden losses, crisis, collapse, indictment and jail time. He embraced the transformation of Enron from a real company into an ethereal lie.

Was that crooked or simply clueless? Either explanation leads to the same conclusion. Leadership is about character and judgment. Whether crooked or clueless, Lay displayed neither. It will be for a judge and a jury to decide whether any of that constitutes a crime in a legal sense. When their smoke screen clears, they may have succeed in arguing Lay was not guilty by reason of ignorance.

His commentary appears Sundays, Wednesdays and Fridays. Contact him at loren. Most Popular. A record 4. Ubisoft soon became embroiled in controversy as top-level executives were accused of misconduct and the company's HR was accused of trying to cover it up. Source: Kotaku. If you ask Sean what he likes, he'll say, "Robots, Ninjas, donuts - in that order.

Share Share Tweet Email. Sean Murray Articles Published. In , the US Justice Department negotiated a deal with Skilling to cut 10 years from his sentencing. Enron CFO Andrew Fastow plead guilty to 2 charges of conspiracy in a plea bargain against Lay, Skilling, and Causey for a conviction and sentencing of 10 years without parole.

Enron owed 67 billion to creditors, shareholders, and employees. Enron will forever be a classic criminology case study of the single greatest White Collar Corporate Criminal Scandal and Bankruptcy in US history for despite prestige of affluent wealth in influencing the world as a economic authority.

In light of the — Economic Recession where Bernie Madoff alone was punished out of innumerable actions of economic and financial Power Elite. That if Antisocial Power Elitists commit crimes against their fellow social-status of the untouchable Power Elite. The Antisocial Power Elitists will face the absolute law where justice will be served in conviction and sentencing for crimes against their fellow Power Elite. Sources Cited:. Lecture 11, White Collar Crime.

The Red Feather Institute, Publisher: Springer New York Subscribe for our daily news. My name is Samaira Guleria, I am in 16 years old. I am currently a high school student I like to read and am extremely passionate about swimming.