They are alleged to have cooked up a deal with EnronÆs CFO Andrew Fastow, whereby a derivatives deal was closed out, Enron paying the marked-to-market value and these individuals then creaming off the lionÆs share personally, amounting to several million dollars apiece, rather than the money going to the swaps counterparty, National Westminster Bank. If Enron had not gone bust, the background of this complex transaction might never have been revealed.
A long legal...
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