Egboh: Providing solutions in Nigeria’s security sector
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The Group MPP "TGMPP" Raises $7.5 Billion in AUM $1.875 Billion Quarterly in 2025
Pregnant Charlotte Crosby tells fans ‘my eyes sting from crying’ after terrifying armed robbery ordealTexas A&M-CC takes down Prairie View A&M 109-74
Signing with Dodgers was really easy decision for 2-time Cy Young winner Blake SnellHOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work and wiped out more than $2 billion in employee pensions. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory claiming all birds are actually government surveillance drones. Peters said she and some other former employees are upset and think the relaunch was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, 74, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. But Sherron Watkins, Enron’s former vice president of corporate development and the main whistleblower who helped uncover the scandal, said she didn’t have a problem with the joke because comedy “usually helps us focus on an uncomfortable historical event that we’d rather ignore.” “I think we use prior scandals to try to teach new generations what can go wrong with big companies,” said Watkins, who still speaks at colleges and conferences about the Enron scandal. This story was corrected to fix the spelling of Ken Lay’s first name, which had been misspelled “Key.” Follow Juan A. Lozano on X at https://x.com/juanlozano70
Furman vs. FGCU Predictions & Picks: Spread, Total – December 4
NoneGlobal stocks end mostly up with DAX crossing 20,000 for 1st timeA key figure in a trucker protest that jammed Canada's capital and sparked a global movement against Covid mandates was found guilty Friday for his role in the blockade. The self-styled "Freedom Convoy" of big rig drivers and protesters rolled into Ottawa in early 2022 from across Canada to express anger at government protocols imposed to contain Covid-19. After three weeks of turmoil, Prime Minister Justin Trudeau invoked rarely used emergency powers to dislodge the protesters. Pat King was among hundreds of people arrested, and the first of the protest leaders to be convicted. Two other organizers, Tamara Lich and Chris Barber faced a separate criminal trial but those verdicts are not expected until 2025. King faces up to 10 years in prison after being convicted on five charges, including mischief, counselling others to commit mischief and disobeying a court order. Acquitted of more serious charges, he smiled at a packed courtroom of supporters as the judge read the verdict. "Mr King was not merely engaging in political speech," Justice Charles Hackland said. "Rather, he was inciting the protesters to continue their ongoing blockade of downtown Ottawa." King led hundreds of big rigs and thousands of protestors to Ottawa, bringing the capital to a standstill for more than three weeks. Residents and business owners complained of incessant honking and harassment. As the demonstrators' demands expanded to a broader anti-establishment agenda, solidarity rallies popped up at Canada-US trade corridors and various places abroad. Most of the evidence at trial consisted of videos King posted on social media in which he urged his nearly 300,000 followers to rail against government overreach. "Hold the line," he said in video posts, appearing also to delight in the gridlock and misery of locals: "Pretty hilarious that people haven't been able to sleep for 10 days." Trudeau faced strong criticisms from civil liberties groups and the opposition Conservatives for invoking the Emergencies Act to dislodge the protestors. But a commission of inquiry ruled it had been "appropriate," calling it "a drastic move, but... not a dictatorial one." amc/bs/bfm
Lake Shore Savings Bank Announces Termination of OCC Consent OrderNEW YORK , Dec. 27, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of First Northwest Bancorp ("FNWB" or the "Company") (NASDAQ: FNWB ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether FNWB and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On October 25, 2024 , FNWB disclosed that its second quarter 2024 financial results should no longer be relied upon due to an additional $6.6 million in charge-offs and increased provision on consumer loans, resulting in a total restated provision for credit losses on loans of $8.7 million . FNWB also stated that a material weakness in the Company's internal control over financial reporting existed as of June 30 , 2024. On this news, FNWB's stock price fell $0.23 per share, or 2.2%, to close at $10.13 per share on October 28, 2024 . Pomerantz LLP, with offices in New York , Chicago , Los Angeles , London , Paris , and Tel Aviv , is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz , known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud , breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com . Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLPNone
Football's lack of unity for rainbow gesture - what does it mean?
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South Korea lifts president's martial law decree after lawmakers reject military ruleParks Kugle is a writer and reporter based in San Antonio. His work has appeared in Lumina Literary Journal, Wicked Local Newspapers, and various publications across the U.S. He enjoys comics and gardening.