Enron Scandal
Donkey punch was one of several slang terms used by Enron traders to refer to their price gouging methods. During investigations into the 2004 Enron scandal, over manipulation of the electricity market in California, recordings of Enron traders were uncovered dating from 2000 and 2001. In the recordings fraudulent accounting schemes were referred to using slang, including the term "Donkey Punch." The 2007 report by the Federal Energy Regulatory Commission was unable to identify the meaning that Enron had attached to the term "Donkey Punch". U.S. Senator Maria Cantwell, in a 2004 press release about the Enron hearings, identified the Donkey Punch as "a crude pornographic term", one of many "lewd acts" that Enron employees used to describe their schemes. Cantwell asked the Federal Energy Regulatory Commission to take down the e-mails that were on its website due to the content.
Read more about this topic: Donkey Punch
Famous quotes containing the word scandal:
“We must cultivate our garden.
Furia to God one day in seven allots;
The other six to scandal she devotes.
Satan, by false devotion never flammed,
Bets six to one, that Furia will be damned.”
—Horace Walpole (1717–1797)