HOLED UP

Finweek English Edition - - NEWS YOU CAN USE -

EN­RON’S for­mer in­vestor re­la­tions chief, whose tes­ti­mony helped bring down the com­pany’s founder and CE, has en­tered a Fed­eral prison in Texas. Mark Koenig be­gan serv­ing an 18-month sen­tence. Koenig was also fined US$50 000, which will be sent to a fund for vic­tims of En­ron's col­lapse. Koenig pleaded guilty in 2004 to one count of aid­ing and abet­ting se­cu­ri­ties fraud.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.