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USA: Enron Exec Kopper Cops a PleaHotel Booking Yesterday former Enron insider Michael Kopper copped a plea. The former assistant to former Enron CFO, Andrew Fastow, jumped the first deal-express leaving the Department of Justice. Oct 31, 2008 $1, $1, Package price of $1, is per person at Icelandair Hotel Loftleidir and valid for travel through May 31, 2008. Prices will vary and may be higher for different travel dates, hotels and room types. Additional hotels are available at higher rates. Other rates can be viewed during the booking process. * Spring Break special prices at Arnarhvoll (book online for rates). Rates are now up to $70 less than before! Travel Agency The Department of Justice had been under growing pressure, even from mainstream sources like CNN Moneyline host, Lou Dobbs, to indict someone from Enron. Dobbs has been running a corporate crime indictment "scorecard" for weeks now. Before yesterday's guilty plea Dobb's scorecard showed 18 arrests involving other corporate failures but zero for Enron. And according to Jupiter an increase in managed corporate travel bookings travel is one of the reasons why the amount of travel booked on the web is set to jump. It believes the desire for cost savings will push companies to make their employees purchase their travel online, rather than just use the internet for travel research and information. Cheap Hotel With Kopper's cooperation in hand, federal prosecutors finally moved to seize some $23 million in cash, real estate and other assets held by Fastow, his family and a handful of close associates. Among the items prosecutors have asked the court to seize is Fastow's unfinished 12,000 square foot Houston mansion. The Accor Corporate Contract, available only to businesses, lets you save time by booking hotels at net rates adapted to your volume while optimizing your travel costs. Flight Booking As part of his plea deal Kopper has agreed to turn over $12 million in gains he made during his time at Enron. Are you running an online travel site or travel agency and looking for a professional partner for online hotel bookings Then follow the example of more than 12, 000 of your colleagues and join our attractive affiliate programme and benefit from the growing segment of hotel reservations on the internet! As an online hotel reservation service, TravelRes has the speaking countries. Each day, more than one million customers make thousands of hotel bookings with our unique service covering over 210, 000 hotels throughout the world. based vicinity search. Travel Agent The $35 million the feds hope to recover from Fastow and Kopper will go into a restitution fund for victims. But, the money will make a negligible dent in the billions of dollars lost by shareholders and pension funds. Pension funds alone lost over $1.2 billion when Enron collapsed. And, Enron's own workers lost over $1 billion in retirement savings. The savings figure is based on an internal study comparing the price for travel for two passengers of booking a flight and hotel together using priceline.com's Vacation Packages to booking the same hotel and similar flight itinerary (same travel dates and origin and destination cities) separately on priceline.com. The Vacation Package price yielded a savings of up to $325 over the separate prices of the same hotel and similar flight itinerary. Hotel Chicago So, far no action has been taken to secure the assets of Enron 's former Chairman, Kenneth Lay or its former CEO, Jeffery Skilling. Online Booking "Technically anything purchased with ill-gotten gains belongs to the government and if someone knows about its taint, they can legally never get title to it," Kent Schaffer, a criminal defense attorney who has handled many forfeitures, told reporters yesterday. Travel Health Insurance If the forfeiture is granted - a rarity in white-collar cases when a person has not yet been charged - the court freezes the property and manages it until there is an indictment and verdict. The court oversees the distribution of the assets to the victims or a victim's recovery fund. Share this:More about:
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