Enron Barge Scam Figures Await Penalties ; Jury Must Decide Value of Loss Investors Suffered

The Columbian › November 05, 2004

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Summary

HOUSTON Five men convicted of helping push through Enron Corp.'s sham sale of power barges to Merrill Lynch & Co. could serve more prison time for the tiny deal than former Enron finance chief Andrew Fastow, who admitted orchestrating myriad schemes that fueled the company's collapse.

Jurors who convicted the four former Merrill bankers and a former Enron finance executive on Wednesday heard from experts Thursday regarding investor losses stemming from the 1999 barge deal.

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Enron Barge Scam Figures Await Penalties ; Jury Must Decide Value of Loss Investors Suffered

If the jury agrees with the government's contention that t...

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