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22 Aug 2002
Michael Kopper, a former managing director of Enron Global Finance, pleaded guilty to wire fraud and conspiracy to commit money-laundering after signing a co-operation agreement with federal prosecutors.
The agreement will help prosecutors build a case against Fastow and other Enron executives who so far have not been charged with any crime.
Kopper ran several off-balance sheet partnerships set up by Fastow which were used to hide the true level of debt at the company.
The charges against Kopper identified Fastow as his partner in the illicit schemes.
In a statement made by the SEC, the regulator said Kopper would have to forfeit a total of $12m and had been barred from being an officer or director of a public company.
Kopper appeared in the same courtroom where two months ago Andersen, Enron's auditor, had been found guilty of obstruction of justice.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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