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Auditing firm gets probation for Enron case
Arthur Andersen LLP received five years of probation and a $500,000 fine for obstruction of justice in handling Enron related documents to thwart a federal probe. Prosecutors sought a strong sentence to set an example as Andersen reorganizes after the Enron collapse. David Duncan testified that in house counsel Nancy Temple directed removal of a memo line and her name from an Enron earnings memo. Duncan was fired after admitting shredding Enron files and later pleaded guilty.
MENTIONED IN THIS ARTICLE
Securities and Exchange Commission
Enron
Sam Buell
Robert Mintz
McCarter & English
Newark
N.J
Andersen
U.S
Melinda Harmon
SEC
David Duncan
Nancy Temple
Anderson
Duncan