BREAKING NEWS ~ Former Merrill banker gets prison for role in Enron scandal

[JURIST] Ex-Merrill Lynch investment banker Robert Furst has been fined $565,000 and sentenced to 37 months in federal prison in connection with his role in the Enron [corporate website] scandal. Furst was convicted for setting up a fake deal with Enron in 1999 to boost that company's earnings. Another former Merrill Bank executive had previously been sentenced [JURIST report] to 30 months in prison for his involvment in the scandal. Reuters has more.

 

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