culture, politics, commentary, criticism

Thursday, March 27, 2003
Still more Enron fraud. Two of Enron's fraud engineers get indicted (
Houston Chronicle):
The specially called Enron grand jury Wednesday indicted two former midlevel executives on charges of conspiracy and fraud in scheming to generate $111 million in false earnings through a failed Enron online movie service.

Kevin Howard, former chief financial officer of Enron Broadband Services, and Michael Krautz, former EBS senior accounting director, were both indicted on 15 counts of wire fraud, one count of conspiracy to commit wire and securities fraud, one count of securities fraud, and one count each of making false statements to federal investigators.

The two men were arrested on these charges March 12.

The indictment issued Wednesday clearly shows the government thinks lies were told about EBS and appears to indicate more EBS-related charges could surface.

"However, many of the representations made about Enron's network and software at the Jan. 20, 2000, analyst conference were false, in that Enron did not possess the network software or capabilities that it claimed. Subsequently, EBS failed to generate any significant recurring revenue from its telecommmunications business," the indictment stated under a section headed "the scheme to defraud."
Belated apologies to mmw of bad things who correctly pointed out to me in a 3/12/03 email that Howard and Krautz are "not Ken Lay, but not exactly nobodies either" after one of my extended rants about Enron CEOs not being in captivity. He provided news of their arrest from that bastion of liberalism, Forbes.

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top

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