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Enron
Kenneth Lay
 | Chair and Cheif Exec. |
| SEC files suit 10/19/03 over incriminating
documents that have been withheld from the investigation |
| invoked the Fifth Amemdment in February, 2002 |
| sold $70 million in company shares before the
bankruptcy |
| After 2 1/2 years, the Justice
Department's Enron Task Force plans to ask a grand jury to indict Ken
Lay "expected"
in the beginning of July. 6-19-04 |
| In an interview with The New York
Times (Crimes of Others Wrecked Enron, Ex-Chief Says) Kenneth Lay
says "I take full responsibility for what happened at Enron. But saying
that, I know in my mind that I did nothing criminal." He blamed Enron's
crimes on Andrew Fastow who he feels misled him. Responding to
allegations of preferential treatment by the Bush Administration he
replied, "If anything, being friends with the Bush family, including the
president, has made my situation more difficult because it's probably a
tougher decision not to indict me than to indict me." 6/28/04 |
Michael Kopper
|
CEO 1994-2001 |
|
US vs. Kopper 8/20/02
 |
money laundering |
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conspiracy |
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conspiracy to commit wire fraud |
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8/21/02 pleads guilty |
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Initial sentencing set for 4/4/02
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Sentencing postponed until 7/25/03
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Currently free on $5 mil bond |
Andrew Fastow
|
CFO - highest ranking official to be charged
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10/02 indicted on 78 counts of fraud |
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Currently free on $5 mil bond |
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Hearing scheduled for 5/19/03 |
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5/1/03, securities fraud charges
brought up by Justice Department |
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5/1/03 charged with
using private
partnerships to enrich himself at the expense of Enron and its
shareholders |
| 1/14/04 Pleads
guilty in exchange for a 10 year sentence, agreed to forfeit $23.8 million
and help with the other pending cases |
| The New York Times (Enron
Defendants Get Help From Unlikely Source) claims Andrew Fastow
Mr. Fastow made statements in government interviews that
could prove favorable to clients charged in the questionable financial
deal between Enron and Merrill. 6-04-04 |
Lea Weingarten
Fastow
|
5/1/03,
colluding in her husband's efforts to profit from the partnerships and of
filing false tax returns
charges brought up by Justice Department |
| 1/14/04 Pleads
guilty in exchange for a 5 month sentence with 1 year supervised release
with 5 months of house arrest |
Timothy Belden
|
Chief of Enron's CA energy trading |
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10/17/02 indicted
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conspiracy to commit wire fraud 1997-2001
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No
sentencing scheduled, but a status hearing is set for 4/17/03-note,
this is where the information runs dry on Belden |
Kevin Howard and
Michael Krautz
|
Executives of EBS, Enron's broadband service
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Crimes involved Blockbuster, project Braveheart, ~$111
million |
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Indicted 3/26/03 with fraud, wire fraud, conspiracy and
making false statements to FBI agents. The investigation is active and
ongoing so no trial date has been set
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Released on separate $500,000 bonds secured by assets in
Krautz's 401(k) and stocks owned by Howard. |
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5/1/03 new charges of
deliberately sending out false
statements about broadband division's earnings potential in 2000 and 2001.
The two are also accused of hiding the division's losses from outsiders in
that period |
Jeffrey Richter
|
Pleaded guilty 2/4/03 to helping manipulate prices during
the California energy crisis and lying about it to federal authorities |
John
Clifford Baxter
|
Vice Chairperson |
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1/11/02 held documents subpoenaed by the Senate's Permanent
Subcommittee on Investigations. |
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Committed suicide 1/25/02 |
Ben Glisan
| former treasurer |
|
5/1/03 charged with
using private
partnerships to enrich himself at the expense of Enron and its
shareholders |
Dan Boyle
| former executive |
|
5/1/03 charged with
using private
partnerships to enrich himself at the expense of Enron and its
shareholders |
| 11/3/04
convicted of
conspiring to help Enron report bogus profits. |
Ken Rice, (headed
Enron Broadband) Joseph Hirko, Kevin Hannon, Scott Yeager and Rex Shelby
| 5/1/03 charged with
selling more than $150 million in Enron stock while they were allegedly
misrepresenting the value of Enron Broadband. |
Jeffrey Skilling
| former executive |
| 2/19/04charged with
nearly three dozen counts of fraud, insider trading and other
crimes-enters a "not guilty" plea |
| faces up to 325 years
in prison and more than $80 million in fines if convicted of all counts |
| another court
appearance to address trial scheduling is set for March 11. |
|
Arthur Andersen
David
Duncan
|
Partner |
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Pleaded guilty 4/9/2002 to one count of obstruction and
testified on the government's behalf |
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Indicted with 3 other coconspirators |
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Sentencing has been postponed 3 times and is now set for
5/16/03 |
Joseph Berardino
|
Chief
Executive |
Michael Odom
|
Auditor |
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Found guilty obstructing justice for shredding
Enron-related documents 6/15/2002
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Sentencing set for
8/26/02 |
C.E. Andrews
|
Partner |
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charged with interfering with a Securities and Exchange
Commission investigation into Enron |
Don Currin
|
Partner |
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charged with interfering with a Securities and Exchange
Commission investigation into Enron |
Nancy Temple
|
Attorney for Arthur Andersen |
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charged with obstruction of justice
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Temple invoked by mail 5/10/02 her Fifth Amendment right
not to testify |
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WorldCom
|
7/08/03 US
court approves a $750m fine for disgraced telecom giant WorldCom |
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5/20/03 Bankrupt telecom firm MCI, formerly known as WorldCom, has
reached an agreement to pay a record $500m (£305m) fine to settle its
accounting scandal. |
Scott Sullivan
|
Executive |
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04/22/02 pleads innocent to
charges that he lied on financial statements to secure $4.25 billion in
credit for the company. |
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Trial scheduled for 02/04/02 |
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03/02/2004
pleaded guilty to
fraud charges
and agreed to cooperate with prosecutors-Sullivan agreed to put up the
proceeds from the sale of his Florida home, now on the market for $13
million, as restitution for investor losses. |
David F Myers
|
Senior Vice President |
|
09-26-02 pleads guilty to charges
that he manipulated accounting to inflate profits and then tried to cover
it up by lying to the SEC |
Buford Yates Jr.
|
Director of General Accounting |
|
charges of securities fraud,
conspiracy, and filing false statements with the SEC |
Bernard Ebbers
|
WorldCome CEO |
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3-2-2004 indicted on
charges of orchestrating the biggest of the recent cases of corporate
fraud |
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1-25-05 trial begins, Ebbers' pleads
not guilty |
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7-13-05 Bernard J.
Ebbers, the former chairman of
WorldCom, was
sentenced to 25 years in prison for orchestrating a record $11 billion
fraud that toppled the telecommunications company he founded. According to
federal guidelines, Mr. Ebbers must serve at least 85 percent of his
sentence. That is the equivalent of 21 years and 3 months in prison, which
would make him 85 upon his release. |
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