Enron VP Gets Halfway House Stint For Insider Trading

Law360, New York (March 28, 2011, 5:27 PM EDT) -- Enron Corp. ex-executive Rex Shelby was sentenced in Texas court Monday to three months in a halfway house, three months' house arrest and a $2.6 million forfeiture after admitting to an insider trading count stemming from the energy company’s collapse.

Shelby, who was indicted in 2003, was sentenced by Judge Vanessa D. Gilmore of the U.S. District Court for the Southern District of Texas after reaching a deal with prosecutors in November.

Shelby took responsibility for the crime Monday and received half the time he could...
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