What does Enron have in common with a fish?
The Supreme Court of the United States is considering a case that shows how a business very different from yours might affect you in ways you never imagined.
After Enron collapsed, a law called “Sarbanes Oxley” made it a crime to destroy documents and other tangible objects. It turns out “tangible objects” might include… fish.
John Yates, a commercial fisherman in the Gulf Coast, caught a bunch of grouper under the legal size limit. Fish and wildlife agents ordered him to bring them to a nearby port. Yates allegedly tossed them overboard instead, and was charged with destroying tangible objects under Sarbanes Oxley.
We wanted to get a sense of how this case is playing in the Gulf, so we spoke to Dean Blanchard, who runs a seafood company in Grand Isle Louisiana.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.