Enron Investigation

The sudden collapse of Enron Corporation -- formerly the seventh-largest company in the country, with 2000 revenues of over $100 billion -- has raised a number of questions. Serious allegations of fraud and self-dealing have been made against Enron’s officers and directors, who reportedly sold over $1 billion worth of stock in the company from October 1998 through November 2001. Questions have also been raised about the company’s close relationship to the Bush Administration.

Latest News

Letter to Army Secretary White on Enron Stock and Fake Trading Floors

Rep. Waxman and Senator Barbara Boxer ask Army Secretary Thomas White whether the Enron stock he divested more than 90 days after his appointment was held in an illiquid private equity fund, as he has previously stated, and if it was not, than to explain why he waited more than 90 days to divest these holdings. Rep. Waxman and Senator Boxer also ask Secretary White about news accounts that Enron Energy Services (EES) set up a fake trading floor to mislead visiting analysts while Secretary White was EES vice chairman.

Letter from JPMorgan Chase on Enron Transactions

JPMorgan Chase responds to Rep. Waxman's June 3 request for more information on the company's transactions with Enron involving a special-purpose entity named Sequoia.

Letter to JPMorgan Chase on Enron Transactions

Rep. Waxman again writes JPMorgan Chase to ask for more information on the company's transactions with Enron involving a special-purpose entity named Sequoia.

Bush Administration Contacts with Enron

Rep. Waxman released a report which identifies 112 contacts between Administration officials and Enron in 200, based on documents and other information disclosed by the Administration, press stories, and Enron’s 2001 lobbying disclosure reports.

Letter to Senator Lieberman on White House Enron Contacts

Rep. Waxman wrote Senator Joseph Lieberman, Chairman of the Governmental Affairs Committee investigating Enron, to detail the inaccuracies and omissions in the information that the White House has provided on Administration contacts with the company.

Letter to Jeff Skilling on Responding to Questions

Reps. Waxman and John Dingell wrote to former Enron CEO Jeff Skilling asking him to respond to questions originally posed to him by Rep. Waxman on March 1.

Letter to JPMorgan Chase on Enron Transactions

Rep. Waxman asks JPMorgan Chase to explain transactions it entered into with Enron involving special-purpose entities named Sequoia, Choctaw, Cherokee, Zephyrus, and Enron Finance Partners.

Letter to Enron CEO Cooper on Employee 401(k)s

Rep. Waxman asks Enron Chairman Stephen Cooper to explain documents suggesting that certain employees may have been misinformed about the timing of last fall's 401(k) lock-down.

Letter from PaineWebber on Financial Advice to Enron Employees

In response to a letter sent by Rep. Waxman, UBS PaineWebber provides information on the financial advice it gave to Enron employees.

Letter to Enron Chairman Cooper on Enron's Political Activities

Rep. Waxman asks Enron Chairman Stephen Cooper for information on the company's political activities and lobbying efforts, including records of state, federal, and local campaign contributions.

Letter from Secretary of the Army on Enron Contacts

A letter from Secretary of the Army Thomas E. White provides further information on his contacts with Enron.

Letter to Assistant to the President for Presidential Personnel

Rep. Waxman urges Assistant to the President for Presidential Personnel Clay Johnson to reconsider his refusal to provide a complete list of all administration officials who previously worked for Enron.

Letter to PaineWebber Chairman on Enron Advice

Rep. Waxman questions the financial advice provided by PaineWebber to Enron employees on exercising their stock options.

Letter to UBS PaineWebber

Rep. Waxman inquires about allegations that PaineWebber financial advisors did not give unbiased advice to Enron employees who wanted to exercise their stock options.

Letter to Jeffrey McMahon on Business and Accounting Practices

In a letter to Enron President and COO Jeffrey McMahon, Rep. Waxman requests information on Enron's mark-to-market accounting, deferred compensation plans, stock options, and other business and accounting practices.

Letter to Jeff Skilling with Follow-up on Committee Testimony

In a letter to former Enron President Jeff Skilling, Rep. Waxman asks follow-up questions on a Enron Broadband Services, North American electricity markets, the company's political activity, and other areas relating to Enron's collapse.

Letter to Jeff Skilling on Questionable Accounting Practices

Rep. Waxman has released a video tape that shows that Enron's then-President Jeff Skilling was aware of concerns over Enron's questionable accounting practices.

Letter to FERC Chairman Pat Wood on Contacts with Enron

In a letter to Federal Energy Regulatory Commission Chairman Pat Wood, Rep. Waxman requests more information on FERC's contacts with Enron executives, employees, or representatives.

Letter to Senator Lieberman on Testimony of Enron Human Resources Executive

In a letter to Senator Joe Lieberman, Rep. Waxman says that a video of an Enron employee meeting appears to conflict with the testimony of Enron executive Cindy Olson.

Letter to Chairman Burton on Examining Enron

In a letter to Chairman Dan Burton, Rep. Waxman asks that the Committee begin an examination of Enron's political activities.

Letter to Assistant to the President for Presidential Personnel

Rep. Waxman writes Assistant to the President for Presidential Personnel Clay Johnson asking for a list of Bush Administration appointees who have done work for Enron.

Letter to OMB's Daniels on Contacts with Enron

Rep. Waxman writes Office of Mangagement and Budget Director Daniels, expressing dissatisfaction with his response to a previous request for information and requesting answers to questions posed in a Jan. 15 letter.

Letter to Secretary of the Army Asking for More Information

Rep. Waxman writes Secretary of the Army Thomas White, asking to schedule an interview with the Minority Staff to answer additional questions about his contacts with Enron.

Letter to Abraham and Daniels Seeking Information about Enron Contacts

Rep. Waxman writes to Department of Energy Secretary Spencer Abraham and Office of Management and Budget Director Mitchell Daniels asking for information on their contacts with Enron.

Letter to Enron Chairman Lay about Employee Meeting Videos

Rep. Waxman writes to Enron Chairman Kenneth Lay asking for information on Enron employee meetings and requesting copies of videos taken at these meetings.

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