For those who can't understand the Enron Case. This puts it in the simplest form so that everyone can understand.
An old country farmer with serious financial problems bought a mule from another farmer for $100, who agreed to deliver the mule the next day.
However, the next day he drove up and said, "Sorry, but I have some bad news. The mule died."
"Well, then, just give me my money back."
"Can't do that. I went and spent it already."
"OK, then, just unload the mule."
"What ya gonna do with a dead mule?"
"I'm going to raffle him off."
"You can't raffle off a dead mule!"
"Sure I can. I just won't tell anybody
he's dead."
A month later the two met up and the farmer who sold the mule asked, " Whatever
happened with that dead mule?"
"I raffled him off just like I said I would. I sold 500 tickets at $2 a piece and made a profit of $ 898."
"Didn't anyone complain?"
"Just the guy who won. So I gave him his
two dollars back."
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