Chewco Investments and Enron homosexual relationship (Star Wars??? hmmmm)
EXCERPT:
The key lies in the series of sham partnerships Enron created and that, starting in 1997, Kopper managed in order to hide much of the company's ballooning debt. Enron used one such partnership, Chewco Investments, to shuffle more than $700 million of debt off its books, and Kopper made his domestic partner, William Dodson, a joint owner of Chewco. After the shell company was "sold" back to Enron, the couple netted more than $7 million from an initial investment in Chewco of $125,288.

CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Skilling prevented the company's straight executives from setting up similar arrangements with their spouses. According to some outside observers, Kopper was the exception because the lack of legal recognition for his life partner made it much more difficult for investigators to connect Dodson's work at Chewco to Kopper's work at Enron.

Chewco off ENRON books
EXCERPT:
Then in 1997, Fastow created Chewco which bought Calpers' stake in JEDI. With the purchase, Enron and Fastow essentially owned JEDI. However, since Fastow and his partners had organized Chewco in such a way, the entire partnership was kept off of Enron's books. Since Chewco was not included, the JEDI partnership, still apparently run by Enron and an outside group, also remained off the balance sheet.

JEDI-Chewco-ENRON
EXCERPT:
Chewco--and the investment partnership in which Chewco was a limited partner--had a huge impact. It decreased Enron's reported net income by $28 million (out of $105 million total) in 1997, by $133 million (out of $703 million total) in 1998, by $153 million (out of $893 million total) in 1999, and by $91 million (out of $979 million total) in 2000. It also increased Enron's reported debt by $711 million in 1997, by $561 million in 1998, by $685 million in 1999, and by $628 million in 2000.
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A. Formation of Chewco
In 1993, Enron and the California Public Employees' Retirement System
("CalPERS") entered into a joint venture investment partnership called Joint Energy Development Investment Limited Partnership ("JEDI").

JEDI II and ENRON
EXCERPT:
But according to minutes of a closed-door 1997 CalPERS Investment Committee meeting obtained by TIME, members saw in JEDI II the same red flags flying at the Enron crime scene now. The committee was clearly mystified by Enron's murky corporate structure and by the company's proposal to put up stock, not cash, for part of their investment in JEDI II. The potential for conflicts of interest between Enron and JEDI — already flagged by CalPERS' investment advisers — was also raised.

Read more: http://www.time.com/time/business/article/0,8599,202237,00.html#ixzz0sIe0XTaU