Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: afrayem onigwecher who wrote (11583)	5/1/2003 12:46:16 PM
From: StockDung	Respond to of 19428

US alleges Enron, Merrill in Nigerian conspiracy WASHINGTON, May 1 (Reuters) - U.S. authorities said on Thursday that former executives of collapsed energy trader Enron Corp. <ENRNQ.PK> conspired with investment bank Merrill Lynch & Co. <MER.N> to pad Enron's balance sheet in a scheme involving electricity power barges in Nigeria. In announcing expanded charges brought against the former executives, the U.S. Justice Department said the executives worked with Merrill "to fraudulently improve Enron's balance sheet by illegally 'parking' poorly performing Enron assets." The assets, consisting of power barges moored off the coast of Nigeria, were the subject of extensive Senate investigations some months ago. The Justice Department announced new charges on Thursday against former Enron Chief Financial Officer Andrew Fastow, his wife and seven other ex-Enron officials of fraud and other criminal violations in connection with the Texas-based company's December 2001 collapse. 05/01/03 11:33 ET