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 Wednesday, November 03, 2004 |
Former Enron VP, four bankers convicted in first Enron criminal trial
Bernard Hibbitts at 4:07 PM ET
[JURIST] The jury in the first criminal trial stemming from the Enron collapse returned a verdict of guilty against a former Enron Vice President and four Merrill Lynch bankers Wednesday. The five were convicted of fraud and conspiracy in connection with the inflation of Enron's profits through a deal to sell power-plant barges off the coast of Nigeria in 1999. A sixth defendant, a former Enron accountant, was acquited. The Houston Chronicle has more.
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Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.
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