Holding Accomplices Accountable

2007 New York Times

May 13, 2007

Financial fraud is often a team sport. It took a host of banks, lawyers and accountants to hide Enron's problems from investors. So a federal appeals court sent precisely the wrong message when it prevented a class-action lawsuit against three of Enron's banks -- Merrill Lynch, Credit Suisse and Barclays -- from moving forward, saying that the banks "only aided and abetted that fraud by engaging in transactions to make it more plausible."

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