2023-07-142023-07-142003-01-02https://hdl.handle.net/20.500.14300/520At the request of Chairman Carl Levin and Ranking Member Susan M. Collins, the Permanent Subcommittee on Investigations of the Senate Committee of Homeland Security and Governmental Affairs investigated the collapse of the Enron Corporation. This report focuses on four multi-million dollar finance transactions known as Fishtail, Bacchus, Sundance, and Slapshot, which occurred between Enron, Citigroup, and Chase. The report finds that Citigroup and Chase actively assisted Enron in completing these transactions while knowing that they utilized deceptive accounting and tax strategies, sham assets, and sham loans. The report further demonstrates that these are not isolated events, and provides recommendations for actions that can be taken to stop U.S. financial institutions from continuing to design or participate in illegitimate structured financial transactions that help U.S. companies engage in misleading accounting.41 pagesenStaff ReportsBipartisanSenate Bipartisan Staff Report12: Law, Crime, and Family Issues1202: White Collar Crime and Organized Crime107Yes