By the way, the terms were far lower than the sentences being sought by federal prosecutors, which were around 15 years. US district judge Ewing Werlein rejected the harsher sentences, citing the 10-year plea deal arranged by Enron's former finance chief Andrew Fastow as a benchmark.
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Merrill Lynch Deceivers Locked Up
Two former bankers of global financial management and advisory company Merrill Lynch were given prison sentences
Two former bankers of global financial management and advisory company Merrill Lynch were given prison sentences last night for being involved in the scandal of US energy giant Enron.
Daniel Bayly is to be imprisoned for two and half years for his involvement in a fraudulent scheme involving Nigerian energy barges. James Brown was sentenced to 3 years and 10 months.
By the way, the terms were far lower than the sentences being sought by federal prosecutors, which were around 15 years. US district judge Ewing Werlein rejected the harsher sentences, citing the 10-year plea deal arranged by Enron's former finance chief Andrew Fastow as a benchmark.
By the way, the terms were far lower than the sentences being sought by federal prosecutors, which were around 15 years. US district judge Ewing Werlein rejected the harsher sentences, citing the 10-year plea deal arranged by Enron's former finance chief Andrew Fastow as a benchmark.
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