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To: maceng2 who wrote (424)9/10/2003 12:05:41 PM
From: maceng2  Respond to of 1417
 
Enron executive jailed for five years

ananova.com

A former executive with the collapsed US energy giant Enron has been jailed for five years after admitting one charge of conspiracy.

Former company treasurer Ben Glisan had denied multiple charges of money laundering, wire fraud and conspiracy which were dismissed.

Prosecutors in Houston, Texas, said there was no deal to implicate higher-ranking executives.

Glisan also agreed to forfeit more than £600,000 in profits from a partnership investment related to Enron.

He told the judge: "I think I would simply like to say I take full responsibility for my actions."

Glisan was sacked in November 2001, less than a month before Enron filed for bankruptcy, following an internal investigation.

The investigation revealed he gained £600,000 from a £3,600 investment in one of several complex deals at the heart of the Justice Department's case against the company.

Last year, Glisan, 37, and his legal team tried to strike a deal with the Justice Department and avoid prosecution by telling what he knew about the financial details.

Story filed: 17:00 Wednesday 10th September 2003