Wednesday, September 21, 2011
US v Howard, 471 F.Supp.2d 772 (2007) was an appeal to a causal agent in a District Court that found Kevin Howard, the head Financial Officer of Enron Broadband Services, guilty of wire fraud, falsification corporations books and records, and conspiracy. The seven main players in the mooring were: Howard, Michael Krautz, Rex Shelby, Joe Hirko, and Scott Yeager, Ken Rice and Kevin Hannon. Howard and Krautz were involved with the financial aspects, specifically a transaction called Braveheart. Project Braveheart was a joint project amid Enron Broadband Services and Blockbuster. The idea was to use Blockbusters entertainment library to run all everywhere the Enron network. In seculars terms, it is a Video-On-Demand (VOD) type service we see on many c adapted and satellite TV providers nowadays, where the customer go off access and watch movies in their homes whenever they want.
What is Enron Broadband Services?
east by south was Enrons internet group, whose objective was to deliver high-bandwidth applications to consumers. To be able to deliver high-bandwidth, EBS used Enrons Intelligent Network, EIN, which distributed servers over Enrons own fiber distribution software. This was known as Enron Broadband Operating System, or BOS.
Using EIN and BOS, Enron was capable of delivering its product, something nil else was doing at the time.
The Project Braveheart Transaction
Project Braveheart was one of the many ideas Enron had over the years. Think back eleven years ago. We did not rescue DVRs, Netflix, ESPN3, or anything of that nature that streamed TV quality media to a computer, or a cellular phone. Imagine what it would be like today if we had that technology in 2000.
In late 2000, Howard ordered that his subordinates cross to him to examine the Blockbuster deal and find a expression for Enron to derive accelerated earnings for the 4th quarter of that year. Prosecutors in the original case alleged that Braveheart was a...If you want to get a full essay, order it on our website: Ordercustompaper.com
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