Thursday, June 01, 2006

ENRON BROADBAND VERDICT -- The jury returned a split verdict, convicting Kevin Howard and exonerating Michael Krautz. "Howard and Krautz were accused of participating in a small piece of that overall fraud in a scheme to manufacture earnings for Enron's flailing broadband unit in late 2000. Dubbed 'Project Braveheart,' the deal involved selling an interest in future revenue of a video-on-demand venture that disintegrated a few months later." The case had resulted in a hung jury last year.