BusinessCompany NewsEx-Enron broadband CFO may get sentence reduced

Ex-Enron broadband CFO may get sentence reduced

Appeal likely to see most federal convictions overturned

Kevin
Howard,
the former chief financial officer of
Enron’s
broadband unit
, Enron Broadband Services, is likely to have his sentence
reduced on appeal.

According to the
Houston
Chronicle
, the government has recommended that four of five federal
convictions against Howard be overtuned because it doesn’t believe the charges
will stand up on appeal.

This follows the government conceding in a court filing that jurors may have
convicted Howard on four counts of conspiracy and wire fraud based on a flawed
theory presented by prosecutors.

Howard was convicted of the five counts of fraud, conspiracy, and falsifying
records in May this year.

Further reading:

Enron Broadband CFO found guilty 

Former Enron broadband CFO faces retrial

Barclays settles Enron bankruptcy claim

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