Reports & analysis by award-winning investigative journalist Lucy Komisar “”

Posts tagged with the keyword: ‘Enron’

How Enron used the offshore system to hide millions

How Enron used the offshore system to hide millions

San Diego Union, Jan 23, 2002

How did top executives of Enron do it? How did they cause the world’s biggest bankruptcy while making off with millions of dollars?

They used the same financial tools as Osama bin Laden.

To attack the Osama bin Laden financial network, the Bush administration knew right where to look – in “offshore” secrecy havens, including the Bahamas, Switzerland, Luxembourg, Dubai and Panama.

Enron, Like Al Qaeda, Hid Money Offshore

Enron, Like Al Qaeda, Hid Money Offshore

Pacific News Service, Jan 18, 2002

How did Enron executives cause the world’s biggest bankruptcy while making off with millions? By using the same secret money system used by terrorists and financial swindlers — an offshore financial system that U.S. officials must rein in.

NEW YORK–How did top executives of Enron do it? How did they cause the world’s biggest bankruptcy while making off with millions of dollars?

They used the same financial tools as Osama bin Laden.

Enron’s Offshore Game Bares Sinister System

Enron’s Offshore Game Bares Sinister System

New York Daily News, Jan 18, 2002

Top executives of Enron caused the world’s biggest bankruptcy while making off with millions of dollars by using the same financial tools as Osama Bin Laden.

The Bush administration knew right where to look when it wanted to shut down Bin Laden’s financial network — offshore secrecy havens. The system moves money for people with something to hide. Sometimes they are terrorists. Sometimes they are financial swindlers.

U.S. investigators had to use muscle to get the Bin Laden information. When a Bahamas bank refused to open its records, the U.S. had it cut off from the world’s wire transfer systems and the bank changed its mind within hours. Offshore revelations on Enron should make the public and policymakers question the continued existence of the world’s financial services system for criminals.