Wednesday, October 16, 2002

Andersen Gets Five Years, Fined $500,000.


A federal judge fined accounting firm Andersen $500,000 and sentenced it to five years probation October 16, 2002 for obstructing justice in a probe of client Enron, a hollow punishment as the auditor is all but out of business.

Begs the question ... if Andersen breaks probation who gets banged up in chokey? The CEO? The Board? Every employee? The articles of association?

I wouldn't want to see anyone from Andersen banged up with mass murderers, child molesters and gang rapists. These felons have standards.