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Why does Covanta-Energy-Answers-Rathcoole have an "office" in the Caribbean's Virgin Islands?
Why does Covanta-Poolbeg have an office in Luxembourg?
- Why did Enron, also billed as an "energy" company, maintain Special Purpose Entities around the Caribbean?
In 2007, Energy Answers sold its U.S. operating company, EAC Operations, Inc., including all of its operating assets to Covanta Energy Corporation. This sale involves all of Energy Answers’ operating enterprises in the Northeast U.S.
Energy Answers International will continue to maintain offices in Albany, New York; St. Croix, U.S. Virgin Islands; and Dublin, Ireland; and continue to pursue new project development opportunities.
Why?
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NOTEs:
If true, why is Energy Answers International a separate legal entity to Energy Answers (USA) and to Covanta, and Covanta's tens of similiarly named corporations ?
The Enron scandal was a financial scandal involving Enron Corporation (NYSE ticker symbol: ENE) and its accounting firm Arthur Andersen, that was revealed in late 2001. After a series of revelations involving irregular accounting procedures bordering on fraud, perpetrated throughout the 1990s, it left Enron on the verge of undergoing the lowest bankruptcy in history by mid-November 2001.
Former Enron CFO Andrew Fastow, the mastermind behind Enron's complex network of offshore partnerships and questionable accounting practices, was indicted on November 1, 2002, by a federal grand jury in Houston on 78 counts including fraud, money laundering, and conspiracy.
Enron filed for bankruptcy on December 2, 2001.
http://www.energyanswers.com/our_company/history/index.php
http://en.wikipedia.org/wiki/Enron_scandal
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