On June 15, 2002, a federal jury convicted Arthur Andersen LLP of obstruction of justice for shredding thousands of Enron-related documents. The verdict effectively destroyed one of the world’s most prestigious accounting firms, eliminating 85,000 jobs globally and marking the last time a …
Arthur AndersenDepartment of Justicecorporate-fraudenronobstruction-of-justicearthur-andersencorporate-accountability
On March 14, 2002, the U.S. Department of Justice announced the indictment of Arthur Andersen LLP on one count of obstruction of justice for destroying “literally tons of paper documents and other electronic information” related to the Enron collapse. The indictment, handed down by a …
Arthur AndersenDepartment of JusticeMichael Chertoffcorporate-fraudenronobstruction-of-justicearthur-andersencriminal-prosecution
On January 9, 2002, Arthur Andersen, one of the “Big Five” accounting firms, publicly admitted that its employees had destroyed “several tons” of Enron-related documents and deleted nearly 30,000 emails and computer files during October and November 2001. CEO Joseph Berardino …
Arthur AndersenJoseph BerardinoDavid Duncancorporate-fraudenronobstruction-of-justicearthur-andersenaccounting-fraud