Andersen Hit With Maximum Penalty
Andersen Obstructed A Federal Inquiry. A federal judge Wednesday imposed the maximum punishment on Arthur Andersen LLP for its part in obstructing a federal inquiry into the collapse of former client Enron Corp., saddling the onetime accounting giant with a $500,000 fine and five years of probation. As part of the probation, U.S. … [Read more...] about Andersen Hit With Maximum Penalty
Andersen Gets $500,000 Fine, 5 Years Probation
Andersen Was Fined And Sentenced. Arthur Andersen, the accounting firm that once represented the gold standard in auditing, was fined $500,000 and sentenced to five years probation Wednesday for obstructing a federal investigation of Enron last year. Andersen's indictment and conviction in the Enron scandal has already cost the … [Read more...] about Andersen Gets $500,000 Fine, 5 Years Probation
Enron Creditors Can Sue Andersen
Creditors Right To Sue Arthur Andersen. A Federal bankruptcy court judge on Thursday granted creditors of Enron Corp. the right to try to recover $10 million paid to former auditor Arthur Andersen LLP days before the energy company's collapse. The official committee of unsecured creditors, which looks after the interests of those … [Read more...] about Enron Creditors Can Sue Andersen
Andersen Shredded ‘Tons’ Of Paper
Andersen Destroy Tons Of Documents. Workers at four Andersen offices in the U.S. and Europe toiled around the clock for two weeks to destroy "tons" of documents after federal regulators launched a probe into Enron's accounting, the U.S. Justice Department charged Thursday. Andersen's destruction of documents was "a substantial … [Read more...] about Andersen Shredded ‘Tons’ Of Paper
