Reminds me of Enron, where the clowns in charge happily handed their corrupt CFO Andrew Fastow hundreds of millions to run a private equity fund that purported

Reminds me of Enron, where the clowns in charge happily handed their corrupt CFO Andrew Fastow hundreds of millions to run a private equity fund that purported to purchase loss-making assets at a profit to Enron. Then, after Enron reported good quarterly numbers, this fake fund would simply sell the stake back to Enron, with the CFO taking a gigantic management fee for orchestrating the charade. Public companies have been banned from doing this, but I guess anything goes when you're private.