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conspiracy of fools wikipedia jump to content main menu main menu move to sidebar hide navigation main page contents current events random article about wikipedia contact us contribute help learn to edit community portal recent changes upload file special pages search search appearance donate create account log in personal tools donate create account log in contents move to sidebar hide top 1 synopsis 2 see also 3 references toggle the table of contents conspiracy of fools add languages add links article talk english read edit view history tools tools move to sidebar hide actions read edit view history general what links here related changes upload file permanent link page information cite this page get shortened url switch to legacy parser print export download as pdf printable version in other projects wikidata item appearance move to sidebar hide from wikipedia the free encyclopedia 2005 book this article needs more citations please help improve this article by adding citations to reliable sources unsourced material may be challenged and removed find sources conspiracy of fools news newspapers books scholar jstor january 2017 learn how and when to remove this message conspiracy of fools author kurt eichenwald audio read by stephen lang publisher broadway books new york publication date 2005 pages 742 isbn 978 0 7679 1178 8 oclc 474721230 dewey decimal 333 79 lc class hd9502 u54e5736 2005 conspiracy of fools is a 2005 book by american journalist and author kurt eichenwald detailing the enron scandal 1 2 synopsis edit in conspiracy of fools eichenwald who covered the 2001 collapse of enron for the new york times tells the story of the scandal enron s chief financial officer cfo andrew fastow is depicted as voraciously greedy using front corporations and partnerships paying himself management and consultant fees as if he were an outsider all while cooking enron s books to show fictitious profits in the 1980s there were questionable activities at the company but the bulk of the events depicted in the book occur from 1997 onward and led to enron s collapse in addition to fastow there are stories of the complicity of enron s auditors at arthur andersen their lawyers internal and external the senior management kenneth lay and jeffrey skilling fastow s partner in many of his deals michael kopper and enron s board of directors the picture that emerges of enron is that of an out of control corporate culture that ignored the basic principles of business allowing it to be manipulated by greedy incompetents for their own personal gain the focus on reporting profits rather than actually making money created a situation that both encouraged and enabled a small group of insider criminals to game the system enron s business losses were masked by accounting tricks while the insiders raked off huge profits and bonuses for themselves the game was eventually undone by huge losses bad investments and the structure of the outside partnerships themselves the solvency of which depended on ever rising enron stock prices when enron s stock began to fall the financial structures imploded leaving enron with billions of dollars in losses and few assets eichenwald also reminds readers that enron fell not just because of the greed of the company people but also because of the greed of thousands of investors who fell for this ponzi scheme 3 see also edit accounting scandals references edit cox larry 24 march 2005 conspiracy of fools a true story tucson citizen tucson arizona retrieved 20 october 2024 reporter biography kurt eichenwald the new york times archive conspiracy of fools hopping down the money book review new york times 27 march 2005 retrieved 20 october 2024 v t e enron corporation predecessors internorth houston natural gas divisions and subsidiaries enron energy services prisma energy international enron wind power services enron international azurix enrononline ljm chewco people kenneth lay founder chairman and ceo jeffrey skilling president coo and ceo andrew fastow cfo rebecca mark jusbasche vice chairman chairman and ceo of enron international sherron watkins vice president of corporate development whistleblower enron scandal arthur andersen enron corpus natwest three trial of kenneth lay and jeffrey skilling skilling v united states sarbanes oxley act in culture books anatomy of greed conspiracy of fools pipe dreams greed ego and the death of enron the smartest guys in the room other enron play enron the smartest guys in the room documentary film the crooked e the unshredded truth about enron television movie v t e dot com bubble people daniel aegerter marc andreessen bob bernard jeff bezos henry blodget james h clark cynthia cooper bob davis bernard ebbers david filo charlie gasparino richard grasso alan greenspan jack grubman josh harris jeff hawkins howard jonas gerry kearby timothy koogle kenneth lay arthur levitt mary meeker paypal mafia kevin o leary jason olim stephan paternot jim rutt michael j saylor jeffrey skilling eliot spitzer scott d sullivan kaleil isaza tuzman julie wainwright jerry yang companies 3com 360networks abovenet actua corporation airspan networks akamai technologies alteon websystems amazon america online arthur andersen ask jeeves blue coat systems boo com books a million broadband sports broadcast com cdnow chemdex cmgi inc cobalt networks commerce one covad cyberian outpost cyberrebate digex digital convergence corporation digital insight divine doubleclick ebay egain egghead software enron epidemic marketing excite flooz com freei gadzoox geocities global crossing govworks handspring healtheon homegrocer hotbot infoseek infospace inktomi interactive intelligence internet america ivillage iwon kozmo com lastminute com the learning company liquid audio looksmart lycos angelfire tripod marchfirst merrill lynch microstrategy net2phone netbank netscape network solutions northpoint communications omnisky palm inc paypal pets com pfsweb pixelon plx technology prodigy pseudo com radvision razorfish redback networks register com ritmoteca com savvis scout electromedia modo terra theglobe com think tools tibco software tradex technologies transmeta ubid united online usinternetworking uunet va linux systems verio verticalnet vignette corporation webchat broadcasting system websense webvan worldcom world online yahoo history enron scandal irrational exuberance sarbanes oxley act telecoms crash trial of kenneth lay and jeffrey skilling worldcom scandal publications blood on the street conspiracy of fools the industry standard the paypal wars broadcast media e dreams enron the smartest guys in the room startup com valley of the boom category authority control databases open library retrieved from https en wikipedia org w index php title conspiracy_of_fools oldid 1336235592 category books about the enron scandal hidden categories articles with short description short description is different from wikidata articles needing additional references from january 2017 all articles needing additional references this page was last edited on 2 february 2026 at 17 28 utc page was rendered with parsoid text is available under the creative commons attribution sharealike 4 0 license additional terms may apply by using this site you agree to the terms of use and privacy policy wikipedia is a registered trademark of the wikimedia foundation inc a non profit organization privacy policy about wikipedia disclaimers contact wikipedia legal safety contacts code of conduct developers statistics cookie statement mobile view search search toggle the table of contents conspiracy of fools add languages add topic
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