SHOCKINGLY took place in Nigeria too. Why do so many shady things occur in or involve Nigeria? Enron-Merrill case tacks on new charges - 2004-06-24 - Houston Business Journal Six defendants in the criminal case involving Enron Corp.'s bogus 1999 sale of barges in Nigeria to Merrill Lynch & Co. Inc. has been slapped with an indictment that adds two new wire fraud charges, Reuters reported Wednesday. The U.S. Justice Department's Enron Task Force said the superseding indictment adds charges against two former Enron executives and four former Merrill Lynch bankers. The six were involved in the barge transaction, which prosecutors say was created to help Enron fraudulently meet a year-end profit target and mislead investors. They were initially all charged with conspiracy to commit wire fraud and falsify books and records, which carries a five-year maximum prison term. The defendants are former Enron executives Dan Boyle and Sheila Kahanek and ex-Merrill Lynch bankers Daniel Bayly, Robert Furst, William Fuhs and James Brown. Reuters added that in the new indictment, all six are additionally charged with two counts of wire fraud, punishable by up to 10 years in prison. The new charges come six weeks before the case is to go to trial on Aug. 16. © 2004 American City Business Journals Inc.
24 June 2004
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