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.