brown, advertising, fancy dog stuff, special events, dropship, suzuki, maisto, cameras, relax, pete yorn, die cast model cars, pet boutique, occasions, fat boy knife, slowpitch, badmovies,
|
The traders used fraudulent maneuvers to which they gave juvenile but revealing nicknames: "Death Star," millionaire "Fat Boy," "Ricochet," and "Get Shorty." (The point of such pseudo-combat names for intra-company operations, of course, is to impress bosses and colleagues with one's mercantile ruthlessness.) Briefly, here's millionaire how a few of the scams worked: "Death Star": Enron would overschedule its expected power transmissions to create the illusion that the state's grid would be overloaded, then receive state payment for "relieving" the millionaire congestion. The beauty of this con, the company's memos noted, is that "Enron gets paid for moving energy to relieve congestion without actually moving any energy or relieving any congestion." It's the sort of protection deal that would make Tony Soprano proud. "Fat Boy": This scam (aka "Inc-ing") also involved overscheduling power transmission -- for example, to a company subsidiary that didn't really need all of it. Then Enron would sell the "excess" power to the state at a premium.
|