Ex-Enron Exec Pleads Guilty to Fraud

[Rose Siding]

HOUSTON (Reuters) - The former head of Enron Corp.'s (ENRNQ.PK: Quote, Profile, Research) broadband Internet division pleaded guilty to one count of securities fraud on Friday, becoming the latest official to confess to crimes at the collapsed energy giant.

Kenneth Rice, 45, agreed at a hearing to forfeit $13.7 million in cash and property and cooperate with the government in its case against other Enron officials. He faces up to 10 years in prison and face an additional $1 million fine.

Rice was the co-chief executive of Enron Broadband Services from July 1999 until July 2001, just five months before Enron filed for what was then the biggest bankruptcy ever.

As the head of EBS, Rice reported directly to Jeffrey Skilling, Enron's former chief executive, who has pleaded not guilty to more than three dozen counts of insider trading, fraud and lying on financial statements.

http://www.reuters.com/newsArticle.jhtml?type=domesticNews&storyID=5832393

[proud patriot]

1. Wheeeeeeee !

I hope he's got the goods on LAY

[Fenris]

4. That's the only way they'll be able to take him down

One of them will rat on him.

[aquart]

7. Well, they clearly had the goods on HIM.

Very interesting deal. Deals don't get made unless you agree to rat. And you need to have lots of rat news.

[SoCalDem]

2. Forfeit the 13M ...but to whom??

the retirees who lost their pensions?? Calif energy customers?? the stockholders? the govt? the lawyers?

These "fines" and forfeited ill-gotten gains should be delivered to the people who were defrauded...not the govt..

[InkAddict]

3. LIFO -

the lawyers get the goods.

[Fridays Child]

5. Has a fund been set up for Enron's victims?

I hope this guy disgorges every iota of knowledge he possesses on Jeff Skilling. I am convinced that Skilling was a party to Cliff Baxter's murder.

[0007]

6. How valuable would Cliff Baxter be to put Ken Lay & Skillings away

for a long time? If he had lived.

I find this extremely interesting.

"The gun in his hand and the note by his side led the officers to suspect suicide. His body was taken to a Sugar Land funeral home without an examination. Harris County, Texas justice of the peace James Richard ruled Baxter's death a suicide without ordering an autopsy, in spite of the fact that Mr. Baxter was a central figure in the Enron investigation. After receiving pressure from lawmakers and the press, the judge ordered an autopsy. Before 7:00 am on January 26, the press announced that Cliff Baxter's death was officially ruled a suicide.
Meet Dr. Joye M. Carter, author of the book "My Strength Comes from Within". She is also the Houston County Medical Examiner that performed the autopsy so quickly after Cliff Baxter's death.
Dr. Carter has been in the news many times before. She was fined and almost lost her license in 2001 for allowing an unlicensed pathologist to perform autopsies. In 1998 her office was accused of tampering with evidence in the murder of a 12-year old girl. That same year she admitted that bodies were sometimes stacked on top of each other at her morgue. She's been sued (and lost) twice by whistle blowers who were fired for trying to expose corruption in the Harris County Medical Examiner's office.

Before she was Houston's medical examiner she used to be the medical examiner in Washington DC, and by the time she left to take the job in Houston, the DC morgue was so filthy and backlogged with corpses and lab tests that it was hampering police investigations. Lately she's been in the news for other reasons.


Dr. Carter examined the Yates children after their tragic drowning. From the Houston Chronicle:"

more......

http://www.hereinreality.com/autopsy.html

This is Tom DeLay's home town. Think he has a little juice....with folks there? Also Enron gave Tom DeLay a lot of money so he could do his redistricting project.

[Judi Lynn]

10. Oh, yeah! His name would loom largely now, wouldn't it?

It would be a first for this regime: justice triumphing despite everything they have done to destroy that possibility.

Hope Kenneth Rice's in good "singing" form for the next few months. His country needs him!

[struggle4progress]

8. kick

:kick:

[goforit]

9. But what about his Billion$$$$.....in off shore accounts????

[Tight_rope]

11. Sweeeeeeeeeeeeettttie!....

$13.7 million in cash? Where'd he get all that money?....Oppps! How could I forget...he stole it from all us poor folks.