Fyre Fest Was Amateur Hour - Ken Lay And Jeff Skilling Are My Power Players Of The Week
With everyone talking Fyre Fest this week, I think it’s important that we recognize the natural gas company called Enron. I watched “The Smartest Guys In The Room Last Night” and I’d highly recommend you do so as well because that documentary puts what Ja Rule and Billy McFarland to shame. Enron, if you’re unaware, was a corporation formed by a man named Kenneth Lay in the 80’s down in Houston.
It was a natural gas company, and through a process called “mark-to-market accounting” Ken and his business partner Jeffrey Skilling started printing money. Enron, Ken Lay, and Jeff Skilling eventually all became the subject of a massive fraud investigation. These guys defrauded investors and used accounting loopholes, special purpose entities, and poor financial reporting to hide billions of dollars in debt from failed deals and projects.
In layman's terms, the money that Enron said they were bringing in didn’t exist. Skilling and Lay turned Enron into a natural gas powerhouse by estimating the future cash flow of a present day deal. These contracts and their costs were difficult to estimate, and investors of Enron were typically given false or misleading reports. While using the method, income from projects could be recorded, although they might not have ever received the money, and in turn increasing financial earnings on the books.
Skilling was a power player. He took his coworkers on lavish dirt biking trips across the globe and loved a little coworker bonding time at popular Houston strip clubs. Look at how fuckin’ tight Skilling looks - he may as well have “SYNERGY” tattooed across his forehead.
I don’t know about you but I’d trust him with my money - especially when the founder is Ken Lay. That guy could tell me the sky is actually green and I’d believe it. When you’re friends with W. I’ll listen to anything you tell me to do.
How much money did Billy McFarland steal? 100 million? Less than that? I don’t know the exact numbers, but that’s child’s play compared to what Lay and Skilling were doing. Monopoly money as far as the boys down in Houston were concerned. If I were the SEC I would have applauded these two and given them presidential medals of freedom. Anyone who is capable of defrauding billions from the likes of the Bush family and other high powered investors deserves recognition. This is scamming on a level that McFarland and Ja could only dream of doing.