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.
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