Former Enron VP, four bankers convicted in first Enron criminal trial

[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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