Arthur Anderson Finally Pays Up on Enron Claims

Enron which supposedly had a market value of $68 billion collapsed in 2001 when it was discovered that the company and its executives had been involved in massive fraud. Their accounting firm, Arthur Anderson, knew what was going on and was sued by creditors for approving transactions that manipulated Enron's financial condition for the benefit of its executives. 8 years later, Arthur Anderson (what's left of it) has ag reed to a settlement of $16 million in payments to creditors. The Enron era may be coming to an end, but it's clear that many people will never be made whole. For more information, click here.