Former Enron Broadband Exec Set To Be Sentenced
HOUSTON (AP) - The criminal case related to the failed Enron Corp. broadband unit is set to finally wrap up after eight years.
Former Enron broadband executive Rex Shelby is to be sentenced Monday during a federal court hearing in Houston. He faces up to 10 years in prison after pleading guilty last year to insider trading.
Shelby was one of seven former executives first indicted in 2003, accused of lying to shareholders about the broadband division's value in order to get rich by selling inflated shares.
Associated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP Materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.
Latest Stories
- Retired Illinois Appellate Court Justice and Member of the Glen Ellyn Area Alumnae Chapter of Delta Sigma Theta Sorority, Inc. Shelvin Louise Marie Hall Dies
- It’s That Time Again: Reviewing Your Medicare Plan Before It’s Too Late
- Exciting Breakthroughs in Alzheimer’s Research Offer New Hope for Patients
- C3 Impact Fund Seeks To Spur Growth In Underserved Communities Through Real estate
- HelloBaby Identifies Site For A Second Location
Latest Podcast
Quandra-Urban Market Exchange
