Financial Accounting Blog

Thursday, November 13, 2003

How to Rip Off Investors

This article compares the current mutual fund scandal with Enron. It implies that the same type of practices occurred, but that terminology used to describe the wrong-doing is hiding much of fault. It is an interesting perspective on the current scandal and how insiders were able to rip off thousands of dollars from investors without getting into as much trouble as Enron Execs did.

Annah McDowell