Enron Broadband Unit a Fraud


The big Enron Broadband trial started today, and as per Reuters: federal prosecutor Lisa Monaco in her opening statement said, “The mission of Enron Broadband Services (EBS) was to pump up the Enron stock price by telling investors they had a solution — a solution to the congested Internet.”

“I don’t care about that lipstick and rouge you paint that bitch up with, she’s still just dead meat lying on the sofa, threatening to steal the show,” Monaco quoted the worker, Bill Collins, as writing in an e-mail to Yeager and others.

More will follow in days to come, but I am sure in the end most will come to the same conclusions as I did in my book, Broadbandits: Inside the $750 Billion Telecom Heist. A documentary about Enron is doing the rounds as well.

Comments are closed.