Federal prisons await two more from Enron

[Judi Lynn]

Source: Houston Chronicle

July 30, 2007, 11:39PM
Federal prisons await two more from Enron

By KRISTEN HAYS
Copyright 2007 Houston Chronicle

Two Enron broadband executives, already federal felons because of guilty pleas, become federal prisoners this week.

The two were the last to be sentenced of 15 Enron defendants who pleaded guilty.

Kenneth Rice, once CEO of Enron's failed broadband division, must appear at a federal prison in Oakdale, La., this afternoon, U.S. District Judge Vanessa Gilmore has ruled.

Rice faces a two-year, three-month term for securities fraud.

Gilmore also has ordered Kevin Hannon, former chief operating officer for the broadband unit, to surrender to a prison in Bastrop near Austin on Thursday to serve his two-year term for conspiracy.



Read more: http://www.chron.com/disp/story.mpl/business/5013000.html

[aquart]

1. Two years for ruining thousands of lives?

But a mugger of only one old lady will get ...what, exactly?

[ninkasi]

2. It infuriates me

that criminals who can afford to dress in expensive suits, serve far less time than poor, and minority members of our society serve for stealing far less, and wrecking fewer lives. It's not fair, and it's not right. The punishment in these cases does not fit the crime. How many former Enron workers are unable to retire, their savings wiped out due to lies?

A person can get sent up for life in some places, for "third strike, you're out," for taking a loaf of bread. The whole system is rigged in favor of the rich, and elite. Yes, I realize that life isn't fair, but can't we try, at least, to make it that way?

[Judi Lynn]

3. It's so comforting to know they will get to be with pals from work, isn't it?

Just looked up Kenneth Rice's minimum security institution, Oakdale, and learned it is 35 miles south of Alexandria, La., and 58 miles north of Lake Charles, La. That means they won't be so very far from home. I could just swoon.

He gets to live with that nice Andrew Fastow, and "ex-WorldCom CEO Bernard Ebbers."





Oakdale.....

Kevin Hannon goes to Bastrop, 30 miles southeast of Austin, where he will meet up with "Enron Chief Accounting Officer Richard Causey."



Kevin Hannon



Bastrop

[onehandle]

4. Bush and Cheney? nt