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What's stopping me from starting a business like Enron but

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Thread replies: 17
Thread images: 3

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What's stopping me from starting a business like Enron but just leaving before things go bad?
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SEC
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>>1510932
Intelligence
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Sarbanes oxley
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>>1510932
If you are trying to start a business like Enron and do things legally then I would say capital and regulation.

For illegal stuff, special purpose entities are no longer accounted for in the same way.
Also, SOX and auditing standard prohibit non auditing services from accounting firms when they are auditing your financial statements.
>>
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Or bernie Madoff. I don't understand what's so hard about it. I just heard about Enron and him today
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>>1510966

I'm literally not even kidding
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>>1510932
Skilling got out before things went bad. Still in prison for 14 years.
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>>1510990

Oh no, seriously? So when do I drop out then?
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>>1510996
before you start.
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People and regulations really. Enron was really a mix of a cult + non-existent accounting practices. You aren't going to convince any employees of doing that ever again without a whistleblower ratting you out. Oh, and when you start a large company in a 3rd world country with no regulations you can assume something fishy is going on.
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>>1510990
But wasn't there an Asian dude that got out early who got away with it?
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>>1510932
Cash Flow and lot's of it.

>>1511018
This.

OP if you're really that much of a pathetic excuse for a human being, then read about the "Trillion Dollar Conman" using forged documents he managed to live the high life and even get meetings with the North Korean government.

Just lies upon lies.

And he fucking looks like a neckbeard
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>>1511225
Damn, this is an interesting story
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>>1511332
There's a couple of other guys.
Sports teams seem really susceptible to this type of scam.
John Spano I think is another
Then there's king sleeze Mansoor Ijaz. This guy was mean to lead a group of investors into buying a F1 team, with the classic "don't worry cheques in the mail" excuses. I'm pretty sure he caused a serious diplomatic incident between Pakistan and the US and then threw a Pakistani defense minister under the bus just to save his own hide. Can't remember the details though.
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>>1510966
>bait or underage b&

Either way, gtfo.
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>>1510932

> 20 years of empire building
> knowing all the right people
> being a very confident and successful leader

good luck.
Thread posts: 17
Thread images: 3


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