Fastow' Planned Enron's Bogus Deal with Merrill'

Evening Standard - London (September 28, 2004)

Author: Bill Condie

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Summary

ENRON former chief executive Andrew Fastow has been named as the mastermind of a bogus deal with Merrill Lynch designed solely to curry favour with his boss.

The deal, to buy back Nigerian power barges, is the centrepiece of the first criminal trial since the collapse of the energy trading giant three years ago. While in many ways a sideshow, the trial highlights the ends to which Enron went to inflate earnings and gives an insight to the workings of management at the highest level.

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Extract

Fastow' Planned Enron's Bogus Deal with Merrill'

Michael Kopper, a onetime Fastow lieutenant and the first former Enr...

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