Steffy: Accountants warned that felonies are forever

As Helen Sharkey stepped to the lectern, it became clear what she was about to say would be no ordinary accounting lecture.

“Originally, I began writing this as a letter to my sons to explain why mommy’s a felon,” she told the class of undergraduate accounting students at the University of Houston Monday night.

In 2006, Sharkey, who worked at Houston-based Dynegy, served 30 days in prison after pleading guilty to one count of conspiracy to commit securities fraud. An accountant with experience in risk management, she was assigned to the team creating the infamous Project Alpha, a $300 million scheme that inflated Dynegy’s cash flow.

Read Loren Steffy’s full column here.