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Sarbanes-Oxley News & Developments
Three More Sentences in Enron Barge DealIn handing down prison terms, the judge reportedly observed that senior Enron executives engaged in far more serious financial crimes.
> > Dan Boyle, a former mid-level executive in the finance department at Enron, received a sentence of 3 yrs and 10 months in prison and must pay fines and restitution totaling $320,000, according to published reports. Former Merrill Lynch bankers Robert Furst and William Fuhs were sentenced to 3 yrs and 1 month in prison; each must pay $665,000.
All three defendants were found guilty of one count of conspiracy and two counts of wire fraud; in addition, Boyle was found guilty of one count of making false statements.
Source: CFO
Published:2005-05-16
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