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Enron: NatWest Three face jail sentence

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-29-07 08:07 AM
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Enron: NatWest Three face jail sentence
http://news.bbc.co.uk/2/hi/business/7118305.stm

<snip>
Three British bankers extradited to the US on charges linked to Enron each look set to face a 37-month jail sentence.

David Bermingham, 44, Gary Mulgrew, 45, and Giles Darby, 44, the so-called NatWest Three, admitted one wire fraud charge after a plea bargain.

A Texas judge must approve the sentence agreed as part of the deal. The bankers had faced up to 35 years in prison.

They admitted conspiring with ex-Enron staff to defraud NatWest of $19m (£9m) and then split $7m between themselves.


They fully accepted the responsibility for the significant lapse of judgement that led to the filing of these charges


The men they conspired with - Andrew Fastow and Michael Kopper - are already in jail.
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White collar crime pays
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-29-07 09:19 AM
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1. Kick n/t
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madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-29-07 09:25 AM
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2. its always good to see crooked theives get their due
I would suspect some of the people who lost money in the enron scandals would like to get their hands on the likes of these three
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