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Therefore, Enron purported to enter into certain "hedging" transactions in order to avoid recognizing losses from its investments.
He offered to "return the favour" and entered into illicit transactions in order to incentivise and reward his counterparts.
(To be sure, many economists take inspiration from Keynes when they argue for taxes on financial transactions in order to curb such speculation).
The company's executives would not expand on a one-paragraph announcement that said TheStreet had hired the investment firm "to explore the wide variety of strategic partnerships and other transactions in order to help grow the company".
In addition, in a new accusation raised in the indictment, Mr. Fastow was charged with obstruction of justice for trying to persuade an Enron colleague to hide and destroy records related to the transactions in order to keep them from government investigators.
The vast organization sold counterfeit pharmaceuticals, malware, and ran an elaborate and technical con to bypass checks on illicit debit and credit card transactions in order to shield their customers from the law, disguising criminals giving and receiving payments as wedding dress and pet supply stores.
Similar(36)
"The conclusion that Chase deliberately camouflaged a loan to Enron as a commodity transaction in order to perpetuate a fraud" on the insurance companies, Mr. Levine says in a court filing, "is buttressed by Chase transactions with other firms".
Defense lawyers in the criminal trial, as well as the prosecutors, have said that Mr. Greenberg initiated the transaction in order to assuage analysts and bolster A.I.G.'s then-flagging share price, and that he was aware of the inner workings.
The effort will begin by focussing on two real-estate markets — Manhattan and Miami — and requiring title-insurance companies to identify the "beneficial owners" behind the shell companies and L.L.C.s involved in a transaction, in order to determine who the actual buyers are.
I'm an ambassador for the Robin Hood Tax campaign, which calls for a tiny tax of just 0.05% on every casino-style financial transaction in order to help poor people, reverse public service cuts at home and abroad, and tackle climate change.
It will build its case around motives: the evidence that Greenberg or his minions desired a particular transaction in order to make the financial statement look better.
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