August 26, 2004

Ex-Enron Executive Pleads Guilty to Aiding Fraud

Mark Koenig, the former head of Enron's investor relations section, pleaded guilty this afternoon to a charge of aiding and abetting securities fraud and agreed to cooperate with the government. U.S. Judge Ewing Werlein asked Koenig if he was "just shaving it" when he misrepresented the financial health of several Enron divisions to investors and analysts. Posted by Webmaster at August 26, 2004 04:10 AM