Prosecutors say sham barge deal netted $12 million
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Six former executives of Enron Corp. and Merrill Lynch &amp; Co. on Tuesday were accused by a federal prosecutor of disguising a $7 million loan as a sale of energy-producing barges to &quot;help Enron out of a jam.
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Enron Corp. , desperate to meet profit targets, "parked" unwanted power generating barges at Merrill Lynch in a sham sale designed to be reversed, a prosecutor said on Tuesday in the first criminal trial of former executives at the fallen energy company.
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BetonSports pleaded guilty to racketeering charges and agreed to cooperate in a case against the companyâs founder and other defendants.
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By JOHN HEILPRIN  WASHINGTON - Nine months before agreeing to let ConocoPhillips delay a half-billion-dollar pollution cleanup, the government's top environmental prosecutor bought a $1 million vacation home with the company's top lobbyist.
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Morgan Stanley  agreed to pay $12.5 million to resolve charges that it failed to provide arbitration plaintiffs with e-mails it said were destroyed in the September 11, 2001 attacks, when in fact it had saved the e-mails on backup files.
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A prominent Washington lawyer yesterday settled civil charges that he misappropriated secret information to buy Vastera stock in advance of a merger.
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Morgan Stanley  agreed to pay $12.5 million to resolve regulatory charges that it failed to provide arbitration plaintiffs with e-mails it said were destroyed in the September 11, 2001, attacks, when in fact it had saved the e-mails on backup files.
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The estate of Kenneth L. Lay agreed to pay $12 million to settle claims on behalf of participants in company pension plans.
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First Command Financial Planning Inc., a company that sold high-fee mutual funds to military officers, has agreed to pay $12 million to settle regulators&#39; charges that it used misleading sales material to promote the funds.
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WASHINGTON - Federal prosecutors have charged three men with allegedly helping funnel millions of dollars to the Palestinian militant group Hamas, which has been blamed for dozens of terrorist attacks in Israel, Attorney General John Ashcroft announced ...
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NEW YORK (CNN) -- The captain of the Staten Island Ferry that crashed into a maintenance pier in October, killing 11 people and injuring more than 70 others, will avoid prosecution in an unusual cooperation agreement with federal prosecutors.
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The head of a temporary labor business that used hundreds of illegal immigrants was sentenced to 15 months in prison and ordered to forfeit $12 million.
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An alleged side deal that wiped out the legitimacy of Enron Corp.&#39;s sale of equity in three barges to Merrill Lynch &amp; Co. in late 1999 lies at the heart of the first criminal trial to emerge from the bankrupt energy company&#39;s scandal.
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A Merrill Lynch lawyer said she would not have approved the purchase of power barges from Enron if she knew there was a verbal agreement for the Houston company to buy them back at a fixed profit for Merrill.
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In an unusual deal that angered some but steers him clear of prison, the captain of the Staten Island Ferry involved in the fatal October crash has agreed to cooperate with federal prosecutors in return for a possible dismissal of ...
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ATLANTA A Mirant Corporation subsidiary has agreed to pay 12-and-a-half (M) million dollars to settle government claims. The federal government accused the bankrupt Atlanta-based energy supplier of trying
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The government prepared to rest its fraud and conspiracy case today following testimony from a key Enron executive that a barge sale was a sham designed to inflate profits.