Sentencing of final Enron executive ends 8-year proceedings

[JURIST] A federal judge sentenced former Enron Broadband Services [JURIST news archive] executive Rex Shelby [Houston Chronicle profile] to two years probation Monday on charges of insider trading. The sentencing marks the end of an eight-year long criminal prosecution of Enron executives linked to investment fraud that caused the fall of Enron Broadband unit. Shelby was one of seven executives indicted in 2003 on more than 164 criminal counts for allegedly overstating the value of the broadband division’s software and…

By |2011-04-27T07:49:21+00:00April 27th, 2011|Uncategorized|Comments Off on Sentencing of final Enron executive ends 8-year proceedings