Friday, October 13, 2006

SEC Charges Three Former Enron Employees

The SEC brought civil charges against a former Enron executive and accountant, and two former Enron executives.  They were accused of violating the antifraud provisions of the federal securities laws and aiding and abetting Enron's violations of the reporting, record-keeping and internal controls provisions. (see SEC Notice here).  One of the individuals "agreed to pay $52,150 to settle the charges, while the cases against the other two are pending." Although agreeing to pay a settlement, there was no admission or denial of the allegations, "as is customary in such SEC settlements."

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