Former Enron, Merrill Execs Face New Counts
- Share via
Six former executives of Enron Corp. and Merrill Lynch & Co. face additional charges in their fraud trial scheduled to begin Aug. 16, the Justice Department said.
A federal grand jury in Houston returned a new indictment that adds two charges of wire fraud against the four former Merrill Lynch executives and the two former Enron executives. The defendants are accused of conspiring through a secret oral agreement to have Enron sell electricity-generating barges in Nigeria to Merrill Lynch to help the energy trader inflate earnings.
The indictment also adds one charge of making a false statement against a former vice president in Enron’s global finance unit.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
