NY TIMES: ENRON FRAUD CASE IS ‘WARNING SHOT’ TO BANKERS

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http://www.nytimes.com/2003/07/29/business/29IMPA.html?hp Fraud settlements revealed Monday against two banks in the Enron money scandal serve notice on financial institutions that they will face major legal difficulties if they are caught engaging in similar transactions, according to a New York Times analysis. J. P. Morgan Chase and Citigroup, the nation's two largest banks, agreed to pay almost $300 million in fines and penalties to settle criminal and regulatory accusations that they aided Enron in misrepresenting its . . .

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