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Enron Inquiry Now Focusing on Valuations

Date: May 13, 2002

Author: David Barboza

QUOTE: The Securities and Exchange Commission is stepping up its investigation of the Enron Corporation by questioning the company about its recent disclosure that it may have overstated the value of its assets by up to $24 billion...

ABSTRACT: Details are not clear, but Enron admitted that it has engaged in questionable asset valuation practices going back at least as far as 1997.

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Article MetaInformation:

Key People:

• Raymond M. Bowen Jr.
• Andrew S. Fastow
• Stephen F. Cooper
• Kenneth Lee Lay

Key Organizations:

• Arthur Andersen
• Enron Corp.
• New York Times Company
• Securities and Exchange Commission (SEC)

Subject & Geographic Categories:

• Businesses & Organizations
  • Accounting / Auditing
    • Accounting/Budgets: Big Organizations

• Law & Justice
  • Criminal Law
    • Theft / Stolen Property
      • Frauds / Scams: General
        • Fraud: Business

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