bogus sale

But, according to the complaint, the transaction was a bogus sale.

He has arranged a bogus sale that will take place to-morrow.

THE court case over Allied Carpets' bogus sale did not surprise me.

The prosecution contended that executives set up a bogus sale of an interest in a failing joint venture with Blockbuster to provide video-on-demand.

HIGH STREET giants Allied Carpets conned thousands of shoppers by holding a bogus sale, a court heard yesterday.

The defendants are charged with conspiring to allow Enron to prop up its profits in late 1999 through a bogus sale of some Nigerian electricity barges from Enron to Merrill.

Mr. Glisan, who is currently serving a five-year prison sentence, was effective as a witness for the government in a 2004 trial of bankers involved in the bogus sale of Nigerian barges.

The investigation resulted in 16 guilty pleas by Enron executives, and four convictions of Merrill Lynch bankers in a case involving the bogus sale of Nigerian barges to the Wall Street firm.

The accusations - that the executives conspired to structure a bogus sale of an interest in Nigerian electricity-producing barges owned by Enron - reflect similar charges that have been brought in virtually every Enron indictment to date.

Indeed, the case - centered on a single transaction involving what the government argued was a bogus sale of an interest in barges by Enron to Merrill - involved similar theories and charges brought in virtually every Enron indictment to date.

They cheated the Royal Bank of Canada, the nation's biggest bank, as well as ABN-Amrobank of the Netherlands and SAL Industrial Leasing of the amount following bogus sale of teak timber.

Indeed, colleagues have described Mr. Weissmann as the driving force behind a series of charges and settlements related to a 1999 transaction involving what the government says was a bogus sale of a Nigerian power barge to Merrill Lynch & Company.

The last official to be named in the Fastow indictment, people involved in the case said, is a midlevel executive who helped to structure the financing for what the government asserts was a bogus sale by Enron of a group of Nigerian barges that it owned.

If Mr. Fastow pleads guilty as expected, those other cases are sure to feature him as a primary government witness, including one against executives from Merrill Lynch & Company who were charged with aiding Enron in illegally puffing up its reported profits through a bogus sale of an electrical barge.