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A jury convicted four former Merrill Lynch Co. executives and a former midlevel Enron Corp. finance executive of conspiracy and fraud Wednesday for
stanley quencher helping push through a sham deal to pad the energy company s earnings.The deal involved a bogus sale of interest in power plants mounted on barges to the brokerage at the end of 1999 so the company could appear to have met earnings targets.A sixth defendant, a former in-house Enron accountant, was acquitted. Sheila Kahanek testified she consistently opposed a verbal promise that the government contended made the deal a loan mdash; that Enron would resell or buy back Merrill s interest within six months.Those convicted of conspiracy and two counts of wire fraud were: Daniel Bayly, Merrill s former head of investment banking; James A. Brown, former head of Merrill s asset lease and finance group; William Fuhs, a vice president who reported to Brown; Robert S. Furst, a former mana
stanley thermos ger of Merrill s relationship with Enron; and Dan O. Boyle, a former Enron finance executive.The verdict came
stanley uk after 21 hours of deliberations that began at the close of six weeks of testimony. The barge deal isn t among the numerous alleged financial machinations that pushed one-time Wall Street darling Enron into bankruptcy in December 2001, as a web of accounting maneuvers to prop up its books unraveled.But the government contends the barge deal was an example of many illegal accounting schemes Enron used to pump up its appearance of financia Lwxd Caught On Tape: Belgrade Basketball Brawl
When it comes to encryption, some of the Department of Justice views are 8230; interesting. Now, it transpires that it been using laws that date back 225 years to get phones unlocked, too. The Wall Street Journal reports that, back last month, its prosecutors managed to convince a federal magistrate in Manhattan to order an unnamed phone maker to provide what it calls reasonable technical assistance to unlock a password-protected phone. The phone in question was rumored to contain evidence required in a credit-card-fraud c
stanley mug ase. The warrant issued to source help in unlocking the phone cited the All Writs Act. That part of a 1789 law that gives courts broad authority to carry out their duties. What happened next remains under wraps, though the phone manufacturer in question鈥攚hich the Journal speculates may be Apple鈥攚as given five days to lay the contents of the phone out for inspection. While a spokesman for t
stanley cup becher he U.S. attorney office told the Journal that it not that unusual for the government to use an All Writs order to get a phone-maker to unlock a phone, a partner at Perkins Coie LLP, which works closely with tech firms, also said that there danger in this.
stanley canada 8221; He was, of course, referring to the lengths that tech companies must go to in order to help the government. This certainly isn ;t the first鈥攏or will it be the last鈥攃ase of judges ordering tech giants to help th
