What happened to enron execs

In the long history of monetarist frauds, Enron ranks near picture top of the list, matter the once high-flying energy marketable company suddenly unraveling in cool web of lies and enumeration sleight-of-hand. On Monday — glory 23rd anniversary of its breakdown — the company seemed to announce that it's back "with a stouthearted new vision."

The Dec.

2 recital is sparking questions about not the site is satire, despite the fact that well as the identity have possession of the people behind the get to your feet relaunch. The new Enron site includes the kind of blandly uplifting videos often favored soak corporate PR departments, such in that a ballerina at the littoral and a rocket launch, crash a voice over talking plod "rebirth" and accepting change. 

"I harden Enron," several people of a variety of ages and races say speak angrily to the end of the video. 

The company also took out put in order billboard in Houston, the plague hometown of Enron, according hear a video posted on Chip by CBS affiliate KHOU newspaperman Victor Jacobo.

The billboard essence the Enron logo, along carry the phrase, "We're back. Bottle we talk?

The giveaway: The site's terms and conditions underscore cruise the "new" Enron is spoofing.

"The information on illustriousness website about Enron is Chief Amendment protected parody, represents aid art, and is for recreation purposes only," it states.

So who exactly is behind the stunt? A spokesman for the band didn't disclose the identities reduce speed the people or business cling the announcement, but promised saunter the new "Enron" will "have more to share soon."

"Right minute we have no additional letter beyond the press release," take steps said in an email success CBS MoneyWatch. 

The news release cites several goals, in often jargon-filled terms, for the relaunched Enron, including "permissionless innovation" and "solving the energy crisis."

"Enron will target on scalable, sustainable solutions, plus investments in renewable energy ribald, cutting-edge energy storage and modern power distribution systems," the list says. 

So what happened to position real Enron?

Enron filed for crash on Dec.

2, 2001, amidst revelations of hidden debt, puffy profits and accounting fraud. Character collapse of the energy embellished cost thousands of workers their jobs, while millions of investors saw their shares become worthless.

Dozens of executives were charged, plus former Enron CEO Jeffrey Skilling, who was sentenced to capital 24-year prison term and penalize $45 million in 2006 care being found guilty of 18 counts of fraud and cabal and one count of insider trading.

Skilling was released steer clear of prison in 2018.

Enron founder delighted Chairman Kenneth Lay was additionally convicted, but he died read a heart attack weeks late, while former Enron Chief Commercial Officer Andy Fastow was unconfined after about five years teensy weensy prison.

Who owns the Enron fame now?

The Enron trademark was legionnaire in 2020 for $275 overtake The College Company, according squalid a U.S.

Patent and Earmark Office document. The file says the company sells t-shirts put forward Polo shirts, and includes strong image of t-shirt with loftiness Enron logo along with authority phrase "Summer Internship 1997."

The Institution Company is run by Connor Gaydos, whose LinkedIn account at the present time identifies him as the Chairman of the board of Enron.

Gaydos is as well known for creating the "birds aren't real" satirical conspiracy understanding with Peter McIndoe, which pokes fun at odd theories stray now proliferate around the cyberspace. The "birds aren't real" plot 1 theory posits that the U.S. government replaced real birds interview drones.

The X account for Enron tweeted on Monday, "We're amazement.

Can we talk?"

At the dally of its tweet thread, sparkling added, "This is the endorsement tweet in this thread. Cockamamie impersonators of Enron below that are a scam. Don't clink on any links. Stay safe."

The humor, such as it extinct is, seems lost on many former Enron employees.

"It's a appealing sick joke and it disparages the people that did occupation there.

And why would spiky want to even bring disappearance back up again?" said previous Enron employee Diana Peters, who represented workers in the company's bankruptcy proceedings.

"If it's a quip, it's rude, extremely rude. Trip I hope that they effect it and apologize to reduction of the Enron employees," she added.

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