Former Enron broadband executive gets 2-year sentence

[JURIST] The US District Court for the Southern District of Texas sentenced Enron [JURIST news archive] Broadband Services former COO Kevin Hannon to two years in prison Monday. Hannon, who was charged along with four other former Enron executives and mid-level employees for conspiracy, fraud and insider trading, faced a maximum sentence of five years in prison for misrepresenting Enron's broadband network [JURIST news archive] to be more advanced than it actually was to boost Enron's stock prices.

Hannon received a more lenient sentence after pleading guilty [plea agreement, PDF] and testifying against Enron founder Kenneth Lay and former CEO Jeffrey Skilling [Houston Chronicle profiles]. AP has more.

 

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