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Banked enron earnings { October 30 2003 } Original Source Link: (May no longer be active)    http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1066565510557 http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1066565510557 Senior Enron figure agrees to help prosecutors By Joshua Chaffin in Washington Published: October 30 2003 19:50 | Last Updated: October 30 2003 19:50 A former senior Enron executive pleaded guilty on Thursday to a single charge of insider trading, as part of an agreement with prosecutors to cooperate with the criminal investigation into the management of the bankrupt energy company. Dave Delainey, who headed two of Enron's largest divisions - Enron North America and Enron Energy Services - entered the plea in a Houston federal courthouse. The case sheds fresh light on the way in which Enron seized on the electricity crisis in 2000 that cost California's taxpayers billions in order to push up its own share price, using the profits to cover losses elsewhere in the company. It could also mark a breakthrough in one of the most high-profile white-collar crime investigations of the era, because of Mr Delainey's agreement to co-operate with the Securities and Exchange Commission and the Department of Justice in exchange for leniency. He will also repay $8m in ill-gotten profits. In addition to entering the guilty plea to the criminal charges, Mr Delainey agreed to settle the SEC allegations without admitting or denying any wrongdoing, the SEC said. Despite charging about two dozen former Enron executives, authorities have been frustrated so far in their efforts to penetrate the most senior ranks of the company. Not only did was Mr Delainey one of Enron's top executives, but he was also a close associate of Jeff Skilling, the former Enron chief executive. In its complaint, the SEC hinted at its ambitions by making repeated references to the role of "senior Enron management" in the alleged scheme. Mr Delainey joined Enron in 1994, and soon became part of a small group of executives in the trading division who flourished under Mr Skilling.

10 wall street firms settle { April 29 2003 } 1b settlement ipo issuers { June 26 2003 } Banked enron earnings { October 30 2003 } Billgates loses Bubble banks pariahs { November 14 2002 } Bubble blurring lines { November 15 2002 } Bubble breaching wall [gif] Bubble breaching wall Bubble finance deal [gif] Bubble finance deal Bubble market boosters { November 12 2002 } Bubble market story { November 13 2002 } Ceos pull out 2002 { April 6 2003 } Dot con { January 24 2002 } Firms investors settle on boom ipos { June 27 2003 } Frank quattrones ace in the hole Greenspan talks bubble Insiders got out { July 31 2002 } Investment firms pay1 4b settlement { April 29 2003 } Jp morgan rigged ipos during 1990s internet stock boom Many firms avoided taxes in boom { April 6 2004 } Morgan stanley fined 50m pushing its funds Morgan to settle sec case 25m { October 2 2003 } Net boom claims settled 1b { June 27 2003 } Pushed bubble { November 13 2002 } Quattrone judge declares mistrial { October 24 2003 } Senators stocks did extremely well in bull market State sues firms { June 23 2003 } Technology boom deal maker faces charges { September 8 2004 } Trial shows cozy tech boom ties { October 14 2003 } Wv sues wallstreet firms { June 24 2003 } Files Listed: 31

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