NorthWest Biotherapeutics Inc (NWBO)

[no2koolaid]

bio, I used to teach a case to MBA students about Enron. There is only so much to say without a deep dive (e.g., Nigerian power barge transaction to provide a sleight of hand accounting; bonus-able objectives tied to questionable outcomes). In truth, the problems were focused more than widespread, as you noted with this...

The actual scandal involved very sophisticated and fraudulent transactions that only the top most executives knew were fraudulent. Their accountants and some others at other firms were were instrumental at making those false transactions possible and giving them the appearance of legitimate transactions.

I would also mention the law firm involved! Anyone really interested, I suggest reading "The Smartest Guys in the Room" by Bethany McClean or, more briefly, her Fortune article. In my wanderings around, I ran into a guy who, along with his wife, worked at Enron and he told me their 401k nest egg went from nearly one million dollars to less then what he needed for his divorce settlement.

Relatedly, seeking to diminish a business executive (LP) by anchoring on a 25 year old business fraud is a misguided effort at ungrounded inference.

Just to be clear, this is very much on topic as it relates to an effort to infer the CEO of NWBO is less than ethical merely for having once worked at Enron and, thus, reduce belief in anything said or done!