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1. Introduction ................................................................................................................................. 1
2. Summary of facts of the scandals at Enron ................................................................................. 1
3. Summary of facts of the scandals at WorldCom ........................................................................ 2
4. Enron and WorldCom executives prosecution ........................................................................... 5
5. Effects of the scandal, legislative perspective ............................................................................ 5
6. Comment and lesson to Rwandan business sector ...................................................................... 7
6.1. Corporate governance .......................................................................................................... 7
6.2. Committed crimes during the scandals .............................................................................. 10
6.2.1. Insider trading .............................................................................................................. 10
6.2.2. Wire fraud .................................................................................................................... 11
7. Conclusion ................................................................................................................................ 12
8. Authorities................................................................................................................................. 13

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Lessons from Enron and WorldCom cases
1. Introduction
The economies of the nations are built many economic activities, businesses being cornerstone.
For them to run smoothly, the States must avoid a strict interference of how business must be conducted. Or, if they