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Enron’s Former CEO Leaves Prison… And Corporate Fraud Just Kept Happening
Jeffrey Skilling was back in the news to wrap up August’s headlines in the US. Before we get too deep into September, let’s remember some other #mustknow fraud cases that you, my journalist friend, would have not easily dear to uncover.
This post is inspired by my first-ever accounting lecture in English. I’ve taken some accounting courses before in Spanish, but this was different: no class I’ve taken before ever mentioned so many real-life cases that made you think, hey, accounting is not as boring as you think: some very smart people have actually used it to change the world in ways most people don’t fully understand. How? Mainly by sophisticating financial fraud techniques.
My class coincided with a news I haven’t seen much in my feeds — mainly because THE NEWS of the week was the NYT’s op-ed about la résistance inside president Trump’s administration — : On August 31st, Houston Chronicle reported Enron’s former CEO, Jeffrey Skilling, was released from prison after 12 years of incarceration. But, wait, he’s not just out there having a blast. He was sent to a halfway house — a house at an undisclosed location — where he will complete his…
