ENRON - Barge trial is put off a month

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ENRON
Barge trial is put off a month
Reindictments of six mean more complicated case

By MARY FLOOD
Copyright 2004 Houston Chronicle
The first Enron criminal trial was postponed from next week until Sept. 20.


The six defendants in the Nigerian barge case requested a delay because they were recently reindicted and face new allegations that could expose them to longer prison terms. U.S. District Judge Ewing Werlein agreed Monday to put the case off for a month.

The reindictment and postponement are in response to a recent U.S. Supreme Court case Blakely v. Washington that could throw federal sentencing procedures into chaos.

The new allegations against two ex-Enron workers and four former Merrill Lynch executives state how much responsibility each defendant had as an organizer, whether they broke a private or public trust, the monetary loss and other items previously considered by a judge after a jury's guilty verdict.

Defense attorneys in the case asked for a postponement because they said these new sentencing accusations will require more evidence....cont'd

http://www.chron.com/cs/CDA/ssistory.mpl/business/2729618

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1. Alma mater can't wash Lay's dirty endowment

Aug. 10, 2004, 10:55PM

Alma mater can't wash Lay's dirty endowment
By LOREN STEFFY
Copyright 2004 Houston Chronicle
RESOURCES

THERE'S an old joke about three men stranded on a desert island, trying to get a lone coconut out of a tree.


The engineer among them calculates the trajectory and proper velocity for throwing a stone that would dislodge the fruit.

The bodybuilder proposes shaking the tree until the coconut falls.

The third man, an economist, says, "Let's assume we have a ladder ... "

The joke is worth retelling to University of Missouri officials as they debate what to do with a $1.1 million economics professorship endowed by fallen Enron Chairman Ken Lay.

Let's assume we have an unindicted benefactor ...

Dropping Lay's name from the professorship probably would force the school to return the money. That benefits no one except Lay himself.
...cont'd
http://www.chron.com/cs/CDA/ssistory.mpl/business/2729591