NatWest 3 Plead Guilty To Wire Fraud, Will Pay $7.3M

Law360, New York (November 28, 2007, 12:00 AM EST) -- Three former bankers with Greenwich National Westminster pleaded guilty on Wednesday to charges of wire fraud in connection with the Enron Corp. securities scandal, the U.S. Department of Justice has announced.

David Bermingham, Giles Darby and Gary Mulgrew, known as the NatWest Three, each pleaded guilty to one count of wire fraud out of seven fraud counts against them. They have each agreed to serve a 37-month prison sentence and repay about $7.3 million to the Royal Bank of Scotland, NatWest’s successor.

Federal prosecutors have in...
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