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Home >> Business
UPDATED: 10:04, November 18, 2006
Two former Enron executives receive reduced sentences
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Two former Enron executives received reduced sentences for their cooperation with prosecutors on Friday.

Michael Kopper, 41, was sentenced to three years and one month in prison, while Mark Koenig, 51, received an 18-month sentence.

Kopper, once the top lieutenant to former Enron chief financial officer Andrew Fastow, pleaded guilty in 2002 to money laundering and conspiracy to commit wire fraud. His cooperation led federal prosecutors to Fastow, said prosecutors.

Koenig, the company's former investor relations chief, also pleaded guilty and led prosecutors to Enron founder Kenneth Lay and former chief executive Jeffrey Skilling.

Kopper and Koenig had faced up to 15 years and 10 years in prison respectively. Prosecutors had asked U.S. District Judge Ewing Werlein Jr. to sharply cut their sentences for their cooperation.

Source: Xinhua


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