British bankers sent to prison for roles in Enron scheme

02/25/2008 | Houston Chronicle (tiered subscription model)

Three British bankers were sentenced to three years in U.S. prisons for helping the finance chief of energy trader Enron cheat their London employer. The men must also repay $7.3 million they gained from colluding with Enron's Andrew Fastow and his former top lieutenant. The scheme convinced Greenwich NatWest, now part of the Royal Bank of Scotland, to sell its stake in a Fastow-run partnership for less than it was worth.

View Full Article in:

Houston Chronicle (tiered subscription model)

Published in Brief: