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The defendants are charged with conspiring to allow Enron to prop up its profits in late 1999 through a bogus sale of some Nigerian electricity barges from Enron to Merrill.
C1 Enron Criminal Trial Opens The first criminal trial involving an Enron financial transaction opened in federal court, with the prosecution arguing that defendants helped the company illegally increase its income through a bogus asset sale.
The local bigwigs from the mayor to the fire chief have been lining their pockets for years through a bogus military contract that uses illegal Cambodian aliens as workers making useless firing pins.
Enron Criminal Trial Begins in Houston Court The first criminal trial involving an Enron financial transaction opened at federal court in Houston, with the prosecution arguing that the six defendants helped the onetime energy giant illegally increase its income through a bogus asset sale.
Using an ERP, the owner remains on title to the real estate or business, whilst a third party depletes its value, typically through a bogus mortgage or some other arrangement whereby the asset is used as collateral or security for a debt.
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One doesn't have to know very much about parliamentary government to recognize that it is funny when a Cabinet minister on a bogus news interview falls through the crust of the earth, or wears a tutu, or addresses his remarks to a small patch of brown liquid, possibly creosote.
The message was amplified through a heavy television advertising campaign, which denounced the idea as "a bogus tax cut".
Manhattan Through Feb. 23 Not entirely without justification, Surrealism is often derided as a bogus religion.
Mr. Smith was charged with using a bogus shelter to evade taxes on $18 million in personal income through a sham Cayman Islands entity in 1998.
It's a bogus issue.
This is a bogus argument.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com