Andersen Convicted of Obstruction

Gonzo

Infinitesimally Outrageous
Staff member
does it matter?

Sat Jun 15,11:38 AM ET
By KRISTEN HAYS, Associated Press Writer


HOUSTON (AP) - Arthur Andersen was convicted Saturday of obstructing justice by shredding Enron-related documents in a verdict that could be the death knell for the shattered accounting firm and one that boosts prosecutors' efforts to get to the bottom of the Enron scandal.

The jury took 72 hours over 10 days to decide that the destruction of paper and computer files was not routine housekeeping, as Andersen contended, but an attempt to thwart federal regulators investigating Enron.

Andersen faces up to five years of probation and a fine of up to $500,000.
 

HomeLAN

Bumbling Idiot
Staff member
Yeah, it matters. It's a statement to everybody else out there auditing publicly traded companies. Believe me, it matters.
 

Gonzo

Infinitesimally Outrageous
Staff member
You're right HomeLAN, it does matter. My query should have read, will it make a difference? :shrug:
 
Top