BusinessCompany NewsNatwest three to be sentenced today

Natwest three to be sentenced today

Disgraced bankers face US jail term for £3.6m fraud

The Natwest three are to be handed their jail sentences today for a £3.6m
fraud related to the collapse of Enron.

The three former bankers had dealings with Enron which involved the use of
their wealth to invest in ventures which ranged from engineering to movie
production, pubs and properties in Scotland.

In line with the terms of a plea agreement, David Bermingham, Gary Mulgrew
and Giles Darby are each expected to be sent to prison for 37 months by a
Houston federal court.

Further reading:

US
prison beckons British bankers who got cosy with Enron

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