Andersen loses criminal trial
by Volker Weber
After a six-week trial and 10 days of deliberations, jurors convicted Andersen for obstructing justice when it destroyed Enron Corp. documents while on notice of a federal investigation. Andersen had claimed that the documents were destroyed as part of its housekeeping duties and not as a ruse to keep Enron documents away from the regulators.
The verdict will likely be a fatal blow for the 89-year-old accounting firm, which is now operating as a shell of its once-powerful self. The firm has laid off 7,000 employees, sold many of its practices in the United States and has lost more than 650 of its 2,300 public audit clients this year. Thousands more employees in the United States and around the world are likely to lose their jobs as the firm shrinks.
Comments
Recent comments
Roy Heidemann
on Absolute Pure theme for Nokia E71 at 23:36
Volker Weber
on Absolute Pure theme for Nokia E71 at 22:19
Bernd Baltz
on Absolute Pure theme for Nokia E71 at 16:10
Samuel Orsenne
on Working Lego V8, 32 valve engine at 13:39
Bill Buchan
on Working Lego V8, 32 valve engine at 12:17
Kevan Emmott
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 20:57
Sudeep Reddy Sama
on N70 drops off the network in dual mode at 20:09
Volker Weber
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 17:37
Paul Mooney
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 17:26
Kevin Pettitt
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 16:36
Victor Toal
on Bluehouse does not support my browser at 16:33
Vince Schuurman
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 15:32
michel platoche
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 14:21
Ben Poole
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 13:11
Volker Weber
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 12:34
Ben Poole
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 12:27
Paul Mooney
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 12:12
Gregory Engels
on Lotus Vista? at 09:00
Bruce Elgort
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 03:24
Volker Weber
on Nokia E71 is currently winning at 23:31
Alejandro Aguilar
on Nokia E71 is currently winning at 23:29
Vince Schuurman
on Confirmed: new Apple notebooks next Tuesday at 10am PDT at 23:11
Bob Balaban
on Urban Myth: Microsoft is good at marketing at 22:01
Bob Balaban
on The Job at 21:55
Julian Woodward
on Black Ice prematurely escaped at 20:37
Click here to subscribe
Post a comment