Enron and Merrill Lynch staff face jail
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A FIRST Enron executive to face criminal charges has been found guilty along with four former Merrill Lynch bankers in a conspiracy and fraud trial that, while a sideline to the Enron scandal, leads the way to further prosecutions.
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Defendants in the first Enron Corp. criminal trial launched their defense on Monday, according to a Reuters report. The trial of two former mid-level Enron employees and four former Merrill Lynch bankers for
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William Lerach, a top U.S. class action attorney who won billions for Enron investors, pleaded guilty on Monday to criminal conspiracy and is expected to go to prison for his role in a kickback scheme at his former law firm, Milberg Weiss LLP.
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When a federal judge took four years off the prison sentence of former Enron Corp. finance chief Andrew S. Fastow last week, he surprised legal analysts, angered onetime employees and sparked anew a debate about just punishment for white-collar criminals.
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HOUSTON, Texas - Enron former chief executive Andrew Fastow has been named as the mastermind of a bogus deal with Merrill Lynch designed solely to curry favour with his boss.
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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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Former Enron Corp. chief executives Ken   Lay and Jeffrey Skilling were found guilty on Thursday of lying   about their company's troubled finances in one of the biggest   U.S. business scandals and could face years in prison.
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A federal jury convicted four former Merrill Lynch execs and an ex-Enron finance official of conspiracy and fraud in the first criminal trial to emerge from Enron&#39;s 2001 collapse.
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NEW YORK - A federal jury in Houston yesterday convicted four former Merrill Lynch executives and one former Enron executive for a 1999 fraud that helped Enron improve the earnings picture it presented to investors.
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Former Enron chief executives Ken Lay  and Jeff Skilling were found guilty of fraud and conspiracy on  Thursday for their part in the financial scandal that drove the  power trading giant into bankruptcy.
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Two men at the heart of corporate  greed scandals in America paid the price on Tuesday, as a judge  sentenced former Enron Corp. executive Andrew Fastow to prison  and Bernard Ebbers, once the chief executive of highflying  WorldCom Inc. began serving a 25-year sentence.
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Two former Enron executives are set to appear in court in Houston in the first criminal trial involving Enron staff since the firm's collapse in 2001.
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A criminal trial scheduled to start today involving former Enron execs could shine a rare and potentially harsh spotlight on the inner workings of the investment banking business on Wall Street.
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A former Enron executive currently serving a prison term testified in the first Enron criminal trial on Wednesday that he worked on a secret deal with Merrill Lynch to fraudulently boost the disgraced energy giant's profits.
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BRIDGEPORT, Conn., Jan. 29  â Two former executives were spared prison time on Monday for their roles in an accounting scandal at the Cendant Corporation that cost the company and its investors more than $3 billion.
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Four former Merrill Lynch employees and an ex-Enron executive are found guilty of artificially inflating the energy firm's profits.
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The first criminal trial to involve former staff of disgraced energy firm Enron is under way in Texas, with two Enron staff and four bankers in the dock.