Hollywood Starts with Animation

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"cheers!"

"cheers!"

"Congratulations on our great victory!"

"I wish us a smooth ride through this difficult time!"

In a local luxury manor in Houston, the three core executives of Enron were discussing something secretly. When talking about the recent infamous investigation team, the three couldn't help but smile knowingly, and A bottle of champagne was opened to celebrate.

The three present are:

Enron founder and former chairman: Kenneth Lay;

Enron's current CEO (CEO): Jeffrey Skilling;

Enron's current CFO (Chief Financial Officer): Andrew Fastow;

These three people are undoubtedly the helm of the huge ship of Enron Energy Company, and they are the core of the core.

They single-handedly led the Enron incident with false financial statements, personal gain, insider trading, and lying to auditors...

"Boss, you are still highly skilled."

CEO Skilling held up champagne and said with a smile: "Just to reveal a little bit of news, let the Houston government, the Texas state government, and the secretary general of the Nasdaq exchange all show up within one day to speak up and support it. We are safe. Now that many people are on our side, I want to see how the investigation team will investigate?"

The voice just fell.

CFO Fasto followed closely and said: "And the people from Arthur Andersen Accounting Firm are really stupid. We just made a little trick and played them around."

"That's it?"

"It's shameful that Arthur Andersen dares to claim to be the strongest accounting firm under the world's four largest accounting firms."

Fastow's face was full of disdain.

Even if the Arthur Andersen Accounting Firm was on their side, they should look down on them, and they always look down on them.

"Can't quite say that..."

Kenneth Lai, the former chairman of the board, raised his mouth slightly: "Andersen actually has a set, which is very useful to us. It is because they are stupid enough that we choose it, right?"

Concealing auditors is also a required course for entrepreneurs.

Hearing this, Skilling and Fastow couldn't help but nodded.

Enron was hollowed out, and the purses of their executives were bulging.

As for the luxury manor where former chairman Kenneth Lay currently lives, he bought it a year ago and cost a full $50 million. In addition to the later decoration and renovation costs, the overall cost exceeded $60 million. .

Where did this money come from?

Of course it was cut from the leeks!

"Cough cough~"

Kenneth Leigh cleared his throat, changed his face of laughter, and said solemnly: "Everyone, although we have stabilized Arthur Andersen, the investigation team, and the trust of shareholders, this is not a long-term solution after all. After all, it is an indisputable fact that our stock price of Enron continues to fall.”

As soon as these words came out, the atmosphere at the scene immediately became solemn.

"Boss is right."

CEO Skilling said solemnly: "First and foremost, we must not let KPMG, PricewaterhouseCoopers and other big four accounting firms in the world get involved. Once they get involved, the situation is beyond our control!"

CFO Fasto, said with a smile: "Relax!"

"Even if KPMG and PwC are involved, I have a record!"

As Enron's CFO, Fastow had a strong sense of self-confidence.

The financial statements between Enron's various subsidiaries, including the capital flow of various overseas offshore companies, are all under his control!

He is definitely a genius when it comes to account fraud and false revenue reporting.

"You can't be careless, you still have to be careful."

Former chairman Kenneth Lay said.

The two present nodded.

Enron, with a market value of hundreds of billions of dollars, is not so easy to hollow out.

After some discussion, the three colluded again.

--scapegoat!

When necessary, they don't mind "abandoning the car to keep the coach".

"As long as there is money and power, then there is a scapegoat! As for the so-called sound laws, it is just the result of the regulators and our regulated institutions fighting again and again. I have the ability to settle everything." Former chairman Kenneth Leigh said.

......

Time passed slowly.

For several days in a row, everything in Enron was calm.

The development of the situation was as expected by Kenneth Lay, the former chairman of Enron. After putting enormous pressure on the investigation team, the investigation and evidence collection work of the investigation team became difficult.

Enron has won time!

CFO Fastow used this to gain time and tried his best to cover up some loopholes and traces.

A battle involving regulators and regulated institutions kicked off.

Judging from the current situation, Enron, as a regulated institution, clearly has the upper hand!

At the same time, many financial media and social media in the United States have also voiced their voices one after another, cheering for Enron.

For a time, Enron's stock price actually rebounded slightly!

"Let's just say, there is no problem with Enron Corporation!"

An investor said in front of everyone on the Nasdaq exchange: "The previous stock price plummet was only affected by the general environment of the international financial market. After all, in the past few months, the global natural gas price has been down."

"Now that natural gas prices are going up, Enron's stock price will naturally go up."

"Yesterday, I invested $500,000 in Enron, almost all of my net worth, and this time I will definitely make a lot of money!"

The investor was a big believer in Enron.

In fact, he was not alone. Many investors also believed in the "credibility" of Enron.

From 1996 to 2001, "Fortune" magazine named Enron as "America's Most Innovative Company" for six consecutive years;

In 2000, Enron was named "America's 100 Best Employers" by the magazine;

In Wall Street, a group of Wall Street elites also regard Enron's luxuriously decorated office as a good talk in their daily discussions;

Everything, everything shows that Enron is a blue-chip stock in the stock market!

Therefore, it is completely understandable that even though Enron is facing a huge crisis today, it still has the trust of many investors.

But......

Just when Kenneth Lay, Skilling, Fastow and other Enron executives were complacent, WB, the fifth largest public television station in the United States, suddenly jumped out.

It suddenly exposed a coming-of-age story at Enron.

"According to our reporter's knowledge: In 1987, two auditors of Enron, Wotek and Brown, found that the company's bank records showed that millions of dollars were transferred from Enron's account to Louis Boggart and Thomas Marcus. Stroni's two private accounts."

"According to our findings, Louis Bogut and Thomas Mastroni, who were in charge of hosting the heads of state of Saudi Arabia and Kuwait, obtained inside information about OPEC's implementation of the project."

"These inside information make Enron more profitable in oil transactions."

"Follow-up..."

"After the matter was discovered by the auditors, Kenneth Lay, the former chairman of Enron Corporation, supported the auditors to investigate further. And threatened to recover every penny."

"However, what was the result?"

"Kenneth Lay was full of benevolence, righteousness and morality, but he did not immediately pursue the person responsible. So far, this matter has remained an unsolved case."

"Why?"

"Because the bank record disappeared, it was tampered with!"

As one of Zhu Ke's most important media channels, WB TV network naturally has to shoulder certain social responsibilities.

When a reporter ran into Zu Ke, Zu Ke said, "This is the word of justice!"

ok~

Former chairman Kenneth Lay was dumbfounded!

CFO Fasto exclaimed: "How did the WB TV network know about these dusty past events?"

CEO Skilling frowned: "The situation is not good."

This old-fashioned incident may seem inconspicuous, but at a time when the Bureau of Investigation is struggling, it is undoubtedly torn open.

""The first one is sent, there are votes to vote, dear~