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RAIN 02/02: Weekly Update 01/30/02 Part 1: Shredding



There are 10 stories in this posting.

ABC News 01/30/02
Shreds of Evidence
Enron Destroyed Documents by the Truckload
http://abcnews.go.com/sections/wnt/DailyNews/shredco020129.html

by Brian Ross
Enron kept shredding company documents after a company directive to stop the practice, including shredding some papers as recently as this month, and on a much larger scale
than previously acknowledged,ABCNEWS learned today.


Austin American-Statesman 01/30/02
Experts: Enron records not lost
http://www.austin360.com/statesman/editions/wednesday/news_3.html

By Barnaby J. Feder
CHICAGO -- Computer experts said Tuesday that the majority -- perhaps nearly all -- of the records destroyed by Arthur Andersen LLP and Enron Corp. can be recovered by
electronic means, while Enron acknowledged that it had continued until recently to contract with commercial shredding companies to destroy documents.



Knoxville News 01/30/02
Computer sleuths may find key Enron data
http://www.knoxnews.com/kns/sci_and_tech/article/0,1406,KNS_328_962330,00.html

By CLINT SWETT
When Arthur Andersen auditors deleted e-mails and shredded reams of documents related to the Enron scandal last fall, it's likely they thought they were covering their tracks under a blanket of confetti.
But they may have been wrong.
Computer experts say that though the paper trail may now be destroyed, it might still be possible to recover much of the information from the computers that produced the original documents.


WPBF 01/30/02
Enron: Shredded Documents Not Relevant
http://dailynews.yahoo.com/h/wpbf/20020130/lo/1064111_1.html

President George W. Bush (news - web sites) did not mention the ongoing Enron Corp. (NYSE:ENE - news) controversy in his State of the Union address Tuesday night, but an ABCNews investigation into the shredding of documents at Enron recently led to a much larger probe and new questions from congressional investigators.


Chicago Tribune 01/30/02
Andersen under gun to salvage lost data
http://chicagotribune.com/news/nationworld/chi-0201300308jan30.story?coll=chi%2Dnewsnationworld%2Dhed


By Flynn McRoberts, Delroy Alexander and Barbara Rose, Tribune staff reporters. McRoberts reported from Houston, Alexander and Rose from Chicago

Prodded by a Texas judge, the Andersen accounting firm has launched an aggressive campaign to retrieve Enron Corp. records destroyed by its Houston staff, but many of the missing documents never will be recovered, plaintiffs' lawyers and others say.
Although experts say it is theoretically possible to restore most lost electronic data, lawyers suing Enron and Andersen have been informed by company representatives that at least some of the sought-after material likely is gone for good.


Associated Press 01/30/02
Enron Hired Private Firms to Shred
http://dailynews.yahoo.com/h/ap/20020129/bs/enron_investigation_142.html

WASHINGTON (AP) - Embattled Enron Corp. hired private companies to shred documents, but
a company lawyer said the documents were not sensitive financial records related to the energy trader's collapse.
FBI (news - web sites) agents have been investigating allegations of massive shredding of documents at Enron's Houston headquarters. The company's auditor, Arthur Andersen LLP, has acknowledged destroying Enron-related documents and e-mails that were sought by federal and congressional investigators.



New York Times 01/302
Enron Says Shredding of Records Was Not Stopped Until Recently
http://www.nytimes.com/2002/01/30/business/30SHRE.html

By BARNABY J. FEDER and MICHAEL BRICK
Enron (news/quote) acknowledged yesterday that it had contracted until mid-January with commercial shredding companies to destroy company records.
The disclosure outraged a congressman whose subcommittee is investigating document destruction at Enron and its accounting firm, Arthur Andersen, though Enron insisted that the records being destroyed were unrelated to the continuing investigations of the
company's collapse.


Sydney Morning Herald 01/31/02
Enron records may be recovered electronically
http://www.smh.com.au/news/0201/31/text/world10.html

by Barnaby Feder in Chicago
While government investigators demanded additional information about the destruction of records at Arthur Andersen and Enron, computer experts said most - perhaps nearly all - of the materials could be recovered electronically.
In Washington, the House Committee on Energy and Commerce wrote to Andersen demanding details of the firm's internal investigation of document shredding, as well as information about any consulting work it did on a score of Enron's complex partnership deals.



Times of India 01/30/02
Shredder makers see Enron fiasco boosting sales
http://www.timesofindia.com/articleshow.asp?art_id=2037012319

NEW YORK: Office shredding machine manufacturers are celebrating the Andersen/Enron Corp scandal as just the latest in a series of unexpected fillips for their business.
That kind of scandal-generated free advertising "brings shredding to the consumer consciousness," said Jaime Martin, product manager at Fellowes, a privately held office supplies manufacturer based in Itasca, Illinois.



Wall Street Journal 01/30/02
Business Booms at Paper Shredders Amid Privacy Issues, 'Dumpster Diving'
http://online.wsj.com/article/0,4286,SB1012341660969177840,00.html?mod=Page%20One

By MICHAEL OREY
NEW YORK -- In a warehouse on the Brooklyn waterfront, workers feed a steady stream of documents into shredders the of a living room. A conveyor belt whisks confidential files of major law and consulting firms, investment banks and other businesses into rows of gnashing blades, which slice them into tangled ribbons. These then get recycled into toilet tissue.



Peter A. Kurilecz CRM, CA
pakurilecz@aol.com
Richmond, Va