ghosts of Enron Past

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Keats, Charles. 1982. Magnificent Masquerade: The Strange Case of
Dr. Coster and Mr. Musica (NY and London: Garland).
Philip Musica, a NY swindler, who created the false identity
        of Dr. Coster, took over McKesson Robbins.  He weathered the
        Depression by creating fictitious profits from a Canadian
        firm. false invoices were forged to obtain very positive
        financial reports for auditors.  His machinations went
        unnoticed until 1940, when internal political difficulties
        rather than a failure to pay dividends led to the discovery.


I believe that he was seriously considered as a person with presidential
potential.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx