BusinessCompany NewsNatwest three get 37-month each

Natwest three get 37-month each

Texas judge has handed each of the Natwest three a 37-month jail term for their role in the ?3.7bn Enron fraud

A Texas judge last Friday approved a plea-bargain deal for the three Natwest
bankers, who all had previously admitted to wire fraud, handing out a 37-month
prison sentence to each.

Judge Ewing Werlein in the Southern District of Texas also ordered the three
men to repay $US7.3m (?3.7m) to Natwest’s owner, the
Royal Bank of Scotland, as
part of the sentencing.

David Bermingham, Gary Mulgrew and Giles Darby admitted to conspiring with
ex-Enron employees Andrew Fastow and Michael Kopper, who are already in prison,
to defraud Natwest of $US19m and then split $US7.3m between themselves.

The three are hoping to serve their sentences in the UK – but they still have
to be referred to a US prison initially, BBC News reports.

Further reading:

Natwest three to be sentenced today

NatWest Three given £3.5m payback reprieve

Read
the story in BBC News

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