CIBC to pay $2.4 bln to Enron investors

Nowadays, people like to pretend that Enron existed all by itself. But in reality, the energy-trading firm had several accomplices. CIBC, for example, helped Enron in several bogus accounting scams. The bank has now agreed to pay $2.4 billion to Enron’s shareholders. This is only the beginning. Ken Lay and Jeff Skilling will go on trial in January.

Posted by on August 3rd, 2005 at 1:12 pm


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