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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (2461)8/20/2002 5:30:47 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 3602
 
The first Enron guilty plea comes tomorrow:

msnbc.com

Ex-Enron executive to plead guilty

Michael Kopper fessing up to wire fraud, money laundering

BREAKING NEWS
ASSOCIATED PRESS

WASHINGTON, Aug. 20 — Former Enron executive Michael Kopper will plead guilty to wire fraud and money laundering charges, the first admission of guilt in the federal investigation of the fallen energy giant.

KOPPER, FORMER MANAGING director of Enron Global Finance, will enter pleas Wednesday in Houston to single charges of conspiracy to commit wire fraud and money laundering, sources close to the investigation said Tuesday.

Kopper was a top lieutenant to former chief financial officer Andrew Fastow and became a focus of investigators because of his involvement in Enron-related partnerships. Whether the plea was attached to an agreement to cooperate with investigators was not immediately clear.

© 2002 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.