Another Enron Exec Settles Fraud Charges

Law360, New York (June 21, 2007, 12:00 AM EDT) -- Enron's ex-finance chief settled anti-fraud and record-keeping charges brought by the U.S. Securities and Exchange Commission on Wednesday, avoiding the jail terms slapped on nine other ex-Enron executives.

In a settlement agreement, Enron's former Treasurer and Chief Financial Officer Jeffrey McMahon agreed to pay $150,000 in disgorgement and another $150,000 in civil penalties.

McMahon was also barred from serving as an officer or director of a public company for five years, and was suspended from appearing before the SEC as an accountant for at least three...
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