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Corporation Fraud

I guess it took another tragedy besides September 11, 2001 for the country and the President of the United States George W. Bush to realize that Big corporations and their super-rich executives are out of control and that we needed to take the bull by its horns and the President signed the Sarbenes-Oxley Act of 2002, which is a law that will act against those who have shaken confidence in our markets, using the full authority of government to expose corruption, punish wrongdoers and defend the rights and interests of Americans and investors. The tragedy and the wake-up (like we needed another after 9/11) was in November 2001, the Enron Corporation, one of the largest electricity and natural gas traders, announced a 618 million third-quarter loss, Enron admitted to overstating its earnings by 567 million since 1997. This of course led to filing for chapter 11-bankruptcy protection then the announcement of 4,000 employee layoffs. Along side the biggest bankruptcy in US history was......


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Approximate Word Count: 607
Approximate Pages: 3 (250 words per double-spaced page)

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