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October 7, 2006

Another Enron cooperator gets shortened sentence

As detailed in this article, another Enron cooperator has received a shorter sentence as a result of that cooperation.  Here are some details:

Enron Corp.'s former No. 2 investor relations executive who helped link former company Chairman Ken Lay and former CEO Jeff Skilling to fraud in their trial earlier this year will serve probation for two years for insider trading, a judge ruled Thursday.

Paula Rieker, 52, wept before U.S. District Judge Melinda Harmon, prompting a court staff member to hand her a box of tissues as she asked for probation. Insider trading carries a maximum sentence of 10 years in prison, but Rieker was eligible to serve probation to six months behind bars under federal sentencing guidelines.

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October 7, 2006 at 08:29 AM | Permalink

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