Financial Times FT.com

Accounting for capitalism after Enron

By Barney Jopson

Published: September 11 2006 03:00 | Last updated: September 11 2006 03:00

Enron is the scandal that keeps on burning. It is nearly five years since the energy trader's bankruptcy destroyed thousands of jobs and billions of dollars of wealth. Yet its searing effects are as clear as ever.

Jeffrey Skilling, Enron's former chief executive, is awaiting a prison sentence that could run to several decades after his conviction for fraud and conspiracy. Kenneth Lay, the group's former chairman and a fellow convict, escaped a prison sentence after a fatal heart attack in July. And a team of extradited British bankers - the NatWest Three - await their own trial in Texas next year on Enron-related fraud charges.

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