Financial Collapse of Enron 3 : Congressional Hearing

At this hearing, the sole witness is Sherron Watkins, Enron's V.P. of Corp. Develop. She has become known as the lone voice who sought to warn Enron Chmn. & CEO Kenneth Lay that Enron was in danger of imploding in a wave of accounting scandals.Ó Subsequent events proved the truth of that assessment. She was privy to substantially more evidence of the accounting practices used to hide various related party transactions between Enron & what are known as the Raptor entities -- special purpose entities owned by LJM2, the limited partnership set up & run by Enron & its former CFO, Andrew Fastow. In her opinion, these transactions were manipulations of Enron's income statements, booking fictitious income, & hiding actual losses.Greenwood, James C. is the author of 'Financial Collapse of Enron 3 : Congressional Hearing', published 2003 under ISBN 9780756733919 and ISBN 075673391X.