More sleaze from Enron
A court-appointed attorney has determined that many of Enron Corp.’s transactions with special partnerships dating back to 1997 appeared to be little more than loans disguised to look like revenue-boosting sales, according to USA Today and New York Times reports.
The findings could provide additional ammunition to the numerous claimants currently attempting to assign blame for the Enron debacle and to extract damages from Enron’s bankers and other third parties.
In other words, Enron was cooking the books as far back as 1997, which means they always were a fraud and their rise was based on deception and lies – not on anything to do with actual business.