MGSC14H3 Chapter : Enron
15 Dec 2011
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At the time it was seen as wildly successful. Which is why fastow created ljm2, which in turn created the raptors. Bg into ljm2/raptors diagram map (make this a slide) Bod - didn t think of investors, great risk of loss, niccolo, 70 billion lie. Limited liability partnership created in nov 1997 to buy calpers ownership in jedi without needing to have enron report losses from jedi on its financial statements. Enron wanted to keep jedi afloat but needed an outside partner to have at least a 3% stake in the company or it would be consolidated. Fastow wanted to be appointed manager but enron s legal team advised against it. Kopper who worked for fastow but this fact was only known to jeffrey skilling on the bod. The remaining 11. 4 million of equity came from a loan by barclays through a company owned by kopper.
