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An Enron-Like Scandal Threatens to Erupt at Halliburton, Where Dick Cheney Was Chief Executive

An Enron-like accounting scandal is threatening to erupt around Halliburton, the multi-billion dollar oil company that Vice President Dick Cheney used to run. It emerged this week that the Securities and Exchange Commission is investigating Halliburton’s accounting methods while Cheney was its chief executive. Halliburton adopted new accounting methods in 1998 which allowed it to hide possible losses of hundreds of millions of dollars. Halliburton didn’t tell its investors of the change for more than a year. The company’s auditor Arthur Andersen gave Halliburton the green light.


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