Tuesday, July 5, 2005

First Enron Nigerian Barge Defendant to Begin Prison Term This Month

Daniel Bayly, a former Merrill Lynch executive convicted in the Enron Nigerian Barge trial and sentenced to a thirty-month term of imprisonment, has been ordered by U.S. District Judge Ewing Werlein to report to prison on July 14.  Bayly's request for bail pending appeal was turned down by the Fifth Circuit (see earlier post here), and will serve his term in Petersburg FCI near Richmond, VA.  A second defendant, James Brown (also formerly with Merrill Lynch), will begin his 46-month term in August.  The other three defendants convicted last year, former Merrill Lynch executives Robert Furst and William Fuhs and former Enron executive Dan Boyle, have not had a date set for reporting to serve their terms. A Houstron Chronicle story (here) discusses the Judge's orders. (ph)

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