Sentence examples for sham transactions from inspiring English sources

Under the law, such an agreement would render sales by Enron to LJM as sham transactions.

They create sham transactions, phoney losses and phantom assets to enable their clients to dodge taxes.

There are a lot of energy companies that engaged in sham transactions".

Several energy traders are being investigated for possible sham transactions that inflated revenue.

The government said that Mr. Cuti orchestrated the sham transactions, while Mr. Tennant generally carried them out.

California energy regulators contend that Enron engaged in sham transactions in late 2000 that drove up electricity prices and deepened the energy crisis in the West.

He was not charged with stealing the Ferrari Enzo he destroyed but of taking two other cars that prosecutors said he acquired through sham transactions.

Global Crossing faces accusations that it used sham transactions to increase revenue and that it misled investors about its financial health.

But in private interviews with congressional investigators, Mr Anschutz convinced the house energy and commerce committee that he was not involved in the alleged sham transactions.

Eventually, prosecutors said, the defendants would strip all the equity from the homes, putting them through sham transactions and saddling the properties with enormous debt.

The record raises significant questions as to whether those proposed divestitures were in fact 'sham' transactions.