Ethics

Topics: Enron, Kenneth Lay, Accounting scandals Pages: 3 (620 words) Published: December 2, 2012
Notorious
Regardless - nosalaka
Prosecution- chodana idiripath kirima
Subsequent-
Fraudulent - VANCHAKRI
Loopholes – kapolla
Potential-
Perceived – PRTHYAKSHA KARANAVA, THERUMGANNAVA
Promulgated- PRSIDDA KARANAVA, PULUL KARANAVA
Embezzlement – MULYAVANCHA KIRIMA
Influx- AAGAMANAYA, GALA EMA
Obtained – ATHKARA GANNAWA, LABAGANNAVA
Lieu – HLAUVA
Misappropriation- AUTHU LESA ATHKATAGANIIMA
Approximately- ASANNAVASHAYEN
Consecutive – ANUGAMI
Substantially – THARAMAK VISHALA
Downfall – KADAVATIMA, VINASHAYA

Financial frauds
1. ENRON were able to misrepresent their respective earnings reports and stock activity in a fraudulent manner 2. ENRON executives took advantage of investors; both current investors, as well as potential investors. 3. Enron’s downfall is basically the accumulated effect of its unethical practices in financing and reporting

ENRON
What is ENRON?
ENRON was a multinational energy corporation that was founded in Omaha, Nebraska in 1985. Regardless of ENRON’s vast successes within the natural gas industry - within which it was considered to be one of the foremost natural gas conglomerate companies, the mention of the name ENRON in current times is commonly associated with a financial scandal involving the company. This scandal, also known as the ‘ENRON Scandal’ gained a vast amount of media coverage on both domestic and international levels; in addition, the ENRON scandal resulted in the bankruptcy of the company, the criminal prosecution of a number of executives, and an loss of upwards of $2 billion with regard to investors, employees, and clients.

The Beginning of ENRON
Subsequent to the merging of 2 large natural gas companies located within the Nebraska – Houston Natural Gas and InterNorth, Inc. – ENRON was formed and quickly assumed its authority at the forefront of the natural gas industry; although ENRON was founded in Nebraska, it quickly relocated to Houston, Texas where it established its...
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