Eight years after their crimes were committed and two years after their convictions, two former natural gas traders were sentenced to prison terms by a Houston judge on Aug. 21 for reporting false price data to energy industry price index publishers.
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Former El Paso, Dynegy Traders Sentenced
Eight years after their crimes were committed and two years after their convictions, two former natural gas traders were sentenced to prison terms by a Houston judge Thursday for reporting false price data to energy industry price index publishers.
NGI The Weekly Gas Market Report
Lay, Skilling Sentencing Set for September; Both Still Maintain Innocence
The convictions last week of Enron Corp. founder Kenneth Lay and his right hand man, former Enron CEO Jeffery Skilling are the Justice Department’s crowning achievement in a five-year battle against an era of corporate corruption and fraud that the Enron case, more than any other, came to symbolize.
Skilling Loses Bid to Overturn Convictions
Former Enron CEO Jeffrey Skilling Tuesday lost a bid to have his convictions on 19 criminal counts overturned. U.S. District Judge Sim Lake, who presided over the four-month trial of Skilling and Enron founder Kenneth Lay, gave no explanation last week when she denied Skilling’s request.
Skilling Loses Bid to Overturn Convictions
Former Enron CEO Jeffrey Skilling Tuesday lost a bid to have his convictions on 19 criminal counts overturned. U.S. District Judge Sim Lake, who presided over the four-month trial of Skilling and Enron founder Kenneth Lay, gave no explanation when she denied Skilling’s request.
Enron’s Causey Pleads Guilty, to Cooperate in Lay, Skilling Trial
Enron Corp.’s former top accountant on Wednesday pleaded guilty to securities fraud and agreed to help pursue convictions against the company’s founder and former Chairman Kenneth Lay and former President and CEO Jeffrey Skilling. Causey had been scheduled to go to trial with Lay and Skilling on Jan. 17 in Houston. However, following Causey’s plea, defense attorneys requested that the trial be delayed.
First Enron Criminal Trial Results in Five Convictions
In the first criminal trial to emerge following Enron Corp.’s collapse, a federal jury in Houston Wednesday convicted four former Merrill Lynch & Co. executives and one former Enron executive of conspiracy and fraud for taking part in a sham financial deal involving Nigerian power barges to improve the energy company’s earnings. A former Enron accountant was acquitted.
First Enron Criminal Trial Results in Five Convictions
In the first criminal trial to emerge following Enron Corp.’s collapse, a federal jury in Houston Wednesday convicted four former Merrill Lynch & Co. executives and one former Enron executive of conspiracy and fraud for taking part in a sham financial deal involving Nigerian power barges to improve the energy company’s earnings. A former Enron accountant was acquitted.
First Enron Criminal Trial Results in Five Convictions
In the first criminal trial to emerge following Enron Corp.’s collapse, a federal jury in Houston Wednesday convicted four former Merrill Lynch & Co. executives and one former Enron executive of conspiracy and fraud for taking part in a sham financial deal involving Nigerian power barges to improve the energy company’s earnings. A former Enron accountant was acquitted.