Ex-Enron Broadband CEO Gets 27 Months

Law360, New York (June 18, 2007, 12:00 AM EDT) -- The last of 15 Enron Corp. executives to be sentenced in the wake of the energy trader's implosion, former Enron Broadband Services CEO Kenneth Rice will serve 27 months in jail for his role in misleading investors.

Rice was sentenced on Monday by U.S. District Judge Vanessa Gilmore to 27 months, a $50,000 fine and two years postprison supervised release. He was also required to forfeit $13.7 million in cash and property.

Before the sentencing, a tearful Rice apologized for his role in the scandal, saying...
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