Shout out to the “Special Purpose Vehicle” made famous by Enron as a powerful tool for financial fraud https://en.wikipedia.org/wiki/Special-purpose_entity #SPV #SpecialPurposeVehicle #Enron #fraud
Special-purpose entity - Wikipedia

Those of us that endure Wessex Water know that Skellett is dodgier than a forged nine-bob note.

Some of us with long memories remember his arrest as part of the #Enron scandal.

https://www.theguardian.com/business/2025/dec/28/former-wessex-water-boss-received-bonus-despite-ban-on-performance-pay

Former Wessex Water boss received £170,000 bonus despite ban on performance pay

Company owners say bonus was unrelated to water business and complied with ban after pollution conviction

The Guardian

So sketchy…feels like what were seen as criminal and unethical practices back in the #Enron era are now SOP for many PE shops.

https://www.nytimes.com/2025/12/24/business/private-equity-continuation-funds.html?unlocked_article_code=1._E8.ILv1.ACm8L-x0Nv88&smid=nytcore-ios-share

Investors Warn of ‘Rot in Private Equity’ as Funds Strike Circular Deals

Buyout firms have struggled to sell companies they own and have instead found a workaround to get cash back to clients: Selling the companies to themselves.

The New York Times
Remember. #NVIDIAisNotENRON #NothingLikeENRON. No matter what #NVIDIA says. They are not like #ENRON. No danger, no risk, no assumptions. No they are not like ENRON. NVIDIA is not like ENRON. Repeat. "ENRON was one of the largest criminal enterprises in the world. NVIDIA is just a bit dodgy." NVIDIA and ENRON are nothing alike. You still don't believe? Because the internal memo that says.... "NVIDIA is not like ENRON!" event though nobody asked?
#AI #KI #openAI
https://omny.fm/shows/better-offline/part-one-nvidia-isnt-enron-so-what-is-it
Part One: NVIDIA Isn't Enron - So What Is It? - Better Offline

In part one of this week's three-part NVIDIA series, Ed Zitron walks you through why NVIDIA is specifically nothing like Enron, WorldCom or Lucent, and why investors might be thinking that’s the case anyway. Thank you to Ben Cahn of the Ben and Emil show for voicing "NVIDIA" - listen here - https://www.youtube.com/@benandemilshow This series took a lot of work, so if you want to support me, why not subscribe to my premium newsletter? Get $10 off a year’s subscription today: https://edzitronswheresyouredatghostio.outpost.pub/public/promo-subscription/p94my1c5ya YOU CAN NOW BUY BETTER OFFLINE MERCH! Go to https://cottonbureau.com/people/better-offline and use code FREE99 for free shipping on orders of $99 or more. --- LINKS: https://www.tinyurl.com/betterofflinelinks Newsletter: https://www.wheresyoured.at/ Reddit: https://www.reddit.com/r/BetterOffline/  Discord: chat.wheresyoured.at Ed's Socials: https://twitter.com/edzitron https://www.instagram.com/edzitron https://bsky.app/profile/edzitron.com https://www.threads.net/@edzitron Email Me: ez@betteroffline.com

A long but good read. Interesting point about where TF did a claimed 6 million shipped GPUs actually go.

https://www.wheresyoured.at/nvidia-isnt-enron-so-what-is-it/?ref=ed-zitrons-wheres-your-ed-at-newsletter

#AI #nvidia #enron

NVIDIA Isn't Enron - So What Is It?

If you enjoy this free newsletter, why not subscribe to Where's Your Ed At Premium? It's $7 a month or $70 a year, and helps support me putting out these giant free newsletters! At the end of November, NVIDIA put out an internal memo (that was leaked to Barron's reporter

Ed Zitron's Where's Your Ed At
today’s outfit is a blast from the past the #Enron ballcap perfectly compliments my 80s ski jacket #fashion

If you only have twenty minutes for ONE presentation/talk about #AI #KI #openAi #LLM #pyramid #ponzi #scam #ENRON #NVIDIA #bailout #Microsoft #anthropic

THEN WATCH THIS. Douglas Rushkoff says all the things and much more that I have in my AI Ethics talk. He is an inspiration and has so many insights. Thanks, Douglas!
@Rushkoff at his best.

https://youtu.be/Ly2Kb8oTjhw?si=GwCpMGnRqIT_iSa_

Updating the Human Operating System for the AI Age

YouTube
I thought Arthur Andersen folded after #Enron? Wonder why they still have a /16, among which is a server impersonating a bunch of #Amazon hosts...

@AeonCypher both of these claims have merit: