Federal jury acquits former Enron broadband execs on some charges

[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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