CFB_05/27/06 - Surviving Bankruptcy
Memorial Day is here. Be sure to take a few moments this weekend to remember those who have fallen in service of this great country.Our Question of the week. What is the richest nation in the world on a Per Capita basis?
And the answer is ….. Norway, beating out Luxenburg from the previous year.
While we wait for our Bankruptcy Expert Aaron Keiter to join us, we are going to review some of the old scams, and new.
- 26.5 Million Veteran’s personal data stolen – Have you had enough yet folks? Is this how we honor our Veterans on Memorial Day?
- Kenny Lay may want to change his last name before he heads of to the slammer. All kidding aside, lets not loose site of how this impacted our society. Besides being the largest Bankruptcy in history, the Enron Swindle has also racked up:
- 50 Billion in Market Cap lost
- 2 Billion in Pensions Funds lost
- Over 5000 Jobs gone.
posted by Consumer Fight Back Show @ 8:10 AM
1 Comments:
I worked for Enron Oil Trading and Transportation Company several years ago. I worked indirectly with the Traders that moved and made all of the money trading for oil/natural gas. I wired 5 million a day and offset over 250 million a month at month-end close.
That's over $430 million per month going out or coming in. I wired to several banks in the US and a few international banks.
EOTT had a lay-off before Enron closed it's doors and I was in the lay-off. I cashed out all of my money so I did not loose anything, but $500.00. They acutally sent me
a check for $12.00 for the sale of
my stock, which was worthless by then. I have a friend that knows of a person that lost $ 1 million in her pension fund. What a scary thing to loose your life savings.
EOTT laid off almost half of it's employees. There were about 15 in the group at that time.
According to Dominion Oil, EOTT is still operating. Now I ask you,
why is it still in operation, what are they doing, and who are they sending money to? Is it your pension fund money that they are hiding, Key lay's assets that they are hiding or what? WHY are they still open?
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