Chewco

One of the most amusing things about the Enron collapse is the revelation that they used a shell company called Chewco to hide their debts.

sirilyan Diary Entry sirilyan 2002

Kopper was involved in directing one of those partnerships called Chewco, which, if you have been following this story, it was responsible for creating part of the financial troubles for Enron, basically hiding losses and turning them into profits on the balance sheets, and a lot of people have credited that kind of process and that kind of bookkeeping as part of the reason that the Enron corporation has fallen so quickly and fell so dramatically last December.

CNN Transcript Aug 21, 2002 2002

[The] Fed came up with this idea to start a shadow company, called a special purpose vehicle (SPVs were how Enron operated, creating "Chewco" and the like named after Chewbacca - the New York Fed called their SPV "Maiden Lane LLC" for name of the street the NY Fed is located on in southern Manhattan).

Bailout Money - Instead of Being Used to Stabilize the Economy - is Just Going to Line the Pockets of the Wealthy 2009

"Chewco" and the like named after Chewbacca - the New York Fed called their SPV "Maiden Lane LLC" for name of the street the NY Fed is located on in southern Manhattan).

Alex Jones' Prison Planet.com 2009

Chewco was a partnership of Enron executives and some undisclosed outsiders.

Who Killed Enron 2007

This meant Chewco had only about 1.5 percent at risk, not 3 percent.

Who Killed Enron 2007

The Feds allege (and Kopper admits) that Chewco generated large questionable returns to Kopper and Dodson and made dubious payments to Enron chief financial officer Andrew Fastow and his family.

Enron: Expensing His Taxes 2007

Did keeping JEDI and Chewco off Enron's books when their impact was so great "present fairly" Enron's financial situation, as Andersen certified?

Who Killed Enron 2007

SONR was set up as a vehicle through which Kopper managed Chewco, yet another partnership, formed by Enron.

Enron: Expensing His Taxes 2007

Keeping JEDI and Chewco off the books inflated Enron's 1997 profits by 75 percent.

Who Killed Enron 2007