Watergate scandal:"Deep Throat" revealed!!!

just saw the tail end of it on channel 7.

Anyone catch it?

eta: got it!

W. Mark Felt, the #2 guy at the FBI during Watergate.

Wow! This stuff amazes me.

Message edited 5/31/2005 11:46:41 AM.

Re: Watergate scandal:"Deep Throat" revealed!!!

AND the Enron guy's (Arthur Anderson) conviction was overturned!

WASHINGTON (CNN) - The Supreme Court unanimously threw out the conviction Tuesday of fallen accounting firm Arthur Andersen, a symbolic victory for a nearly defunct company torn apart in a document-shredding case involving onetime energy giant Enron.

But the ruling represents a major defeat for the federal government's aggressive efforts to fight corporate wrongdoing.

In a 9-0 opinion, the justices concluded "jury instructions at issue simply failed to convey the requisite consciousness of wrongdoing." Chief Justice William Rehnquist wrote the opinion, saying, "Indeed, it is striking how little culpability the instructions required."

The opinion came unusually quickly after oral arguments in the case were held April 27, a clear sign the justices found the government's arguments quite unpersuasive. Lawyers for the Justice Department faced tough questioning from the bench during the arguments.


again, wow!

Re: Watergate scandal:"Deep Throat" revealed!!!

It isn't the Enron CEO's conviction that was overturned, but rather that against Arthur Anderson, the CPA firm (the firm that admitted to shredding documents).

Andersen handled a large part of the financial accounting for Enron. The Houston-based energy company collapsed in late 2001, following allegations of widespread financial mismanagement. Corporate leaders were accused of exaggerating profits to stockholders and investors while hiding financial losses and debt.

Andersen itself is now nearly defunct, with only about 200 employees left, mostly handling pending legal matters. The company was once one of the top accounting companies in the United States, with 28,000 employees worldwide, handling hundreds of top corporate auditing accounts.

The company defended its document retention policy as necessary financial housekeeping, and denied shredding files to block a future investigation.

Message edited 5/31/2005 11:58:16 AM.