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Ken Rice; Wesley Colwell – Former Enron North America chief accountant [3] "illegally" moved money out of company reserves to cover internal estimates; Wanda Curry – chief accounting officer of Enron North America prior to Wesley Colwell displaced by Colwell, "not capable of making aggressive accounting decisions"
Another was Kenneth Rice, the former chief of Enron Corp.'s high-speed Internet unit, who cooperated and whose testimony helped convict Skilling and Lay. In June 2007, he received a 27-month sentence. [113] Michael W. Krautz, a former Enron accountant, was among the accused who was acquitted [114] of charges related to the scandal.
Enron executives obtained windfall gains from the rising stock prices, with a total of $924 million of stocks sold by high-level Enron employees between 2000 and 2001. The head of Enron Broadband Services, Kenneth Rice, sold 1 million shares himself, earning about $70 million in returns.
Enron founder and Chairman Kenneth Lay was also convicted, but he died of a heart attack weeks later, while former Enron Chief Financial Officer Andy Fastow was released after about five years in ...
Getty Former Enron chair Kenneth Lay About 40 percent of the highest-paid CEOs in the United States over the past 20 years eventually ended up being fired, paying fraud-related fines or ...
An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001.
On August 15, 2001, Sherron Watkins, Vice President of Corporate Development at Enron, wrote an anonymous letter to Kenneth Lay sharing her concerns about the company's accounting practices, and cited Baxter's prior complaints to Jeffrey Skilling, Andrew Fastow, and other Enron executives regarding what he considered Enron's unethical and possible illegal transactions.
Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman and political donor who was the founder, chief executive officer and chairman of Enron. He was heavily involved in Enron's accounting scandal that unraveled in 2001 into the largest bankruptcy ever to that date.