Jeffrey Skilling, the former Enron Corp. chief executive who led the company as it veered toward collapse in a massive corporate scandal, was charged Thursday with fraud, insider trading and lying about the corporation's finances.
Three former Merrill Lynch executives surrendered to federal authorities in Houston Wednesday to face criminal charges involving a 1999 transaction that enabled Enron Corp. to deceive its investors and artificially inflate its earnings reports.
Former Enron Corp. treasurer Ben Glisan on Wednesday pleaded guilty to a federal conspiracy charge, becoming the first executive incarcerated for participating in an accounting scheme that prompted the company's sudden collapse.
U.S. authorities on Monday said J.P. Morgan Chase Co. and Citigroup Inc. agreed to pay a total of $300 million to settle allegations they helped Enron Corp., the failed energy services corporation, hide financial problems from its investors.
Enron Corp. on Friday filed a reorganization plan that would allow the company to emerge from bankruptcy, but pay the majority of creditors only a small fraction of what they're owed.
Federal prosecutors announced new charges against nine former Enron executives, including former Chief Financial Officer Andrew Fastow and his wife, as the government expands its investigation into the collapse of the Houston-based energy company.
A federal grand jury in Houston on Thursday indicted former Enron Chief Financial Officer Andrew Fastow on 78 counts, alleging he organized complex financial deals to inflate the energy-trading company's revenues and defraud its investors.
Deputy Attorney General Larry Thompson announced Wednesday that multiple fraud charges have been filed against former Enron chief financial officer Andrew Fastow in connection with last year's billion dollar collapse of the energy giant.
Former Enron Corp. executive Michael J. Kopper pleaded guilty Wednesday to financial misconduct and agreed to turn over $12 million of illegally obtained assets in the first federal criminal charges brought against a former Enron official.
The White House officials Thursday handed over summaries of contacts between the Bush administration and Enron executives after a Senate committee voted to subpoena relevant documents in the case.
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