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 Wednesday, July 20, 2005 |
Federal jury acquits former Enron broadband execs on some charges
Alexandria Samuel at 8:16 PM ET
[JURIST] Jurors in the trial of 5 former Enron Corp. [JURIST news archive] broadband executives Wednesday acquitted three on some charges, including insider trading, money laundering, conspiracy and security and wire fraud, but failed to reach a verdict on the remaining charges. Former CEO Joseph Hirko [Houston Chronicle profile], strategist Scott Yeager, and software engineer Rex Shelby were charged [indictment, PDF] with a total of 164 criminal counts for their involvement in making the failed broadband venture appear strong to investors to boost the energy giant's stock price. AP 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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