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02 Aug 2004
Kenneth Rice, 45, has agreed to pay $13.7m and faces a jail term of up to 10 years.
At his hearing, Rice admitted to misrepresenting the development state of Enron Broadband's software and to knowingly making false statements about it, the Financial Times reported.
Rice was co-chief executive of Enron Broadband Services from July 1999 to July 2001.
Enron filed for bankruptcy protection just five months after Rice quite the energy firm.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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