Some people just don’t get it… even when it is going on all around them.
Here is one example: Christian Deeb Rahaim, formerly a senior director of benefits for Enron’s HR department has been sentenced to 63 months in prison without possibility for parole. He has also been ordered to pay more than $2.9 million in restitution to Enron Creditors Recovery Corp.
Just another Enron employee going to jail? Yes, but not under the same circumstances.
Rahaim filed false invoices to Enron for consulting work – several years after the company had already filed for bankruptcy due to massive fraud.
According to prosecutors, Rahaim used fraudulent invoices, a Canadian mail-drop, and various corporate entities to trick Enron into depositing funds into accounts that he secretly controlled. He used this money to pay personal credit-card debt, open personal investment accounts, and buy a half-million-dollar home in Cypress, Texas.
In November 2005, alert employees of Bank One reportedly raised questions about Rahaim’s attempt to transfer an additional $1.8 million that Enron had recently wired to the bank.
Commentary: The further irony? Rahaim received a prison term longer than those of most defendants involved in Enron’s earlier misdeeds.