Enron ex-Internet chief sentenced
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The former chief of Enron Corp.’s Internet unit was sentenced to 27 months for his role in misleading investors in the fraud that sent the world’s largest energy trader into bankruptcy.
Kenneth Rice, 48, onetime chief executive of Enron Broadband Services, was sentenced in Houston by U.S. District Judge Vanessa Gilmore to the prison term, a $50,000 fine and two years’ post-prison supervised release. He could have faced as much as 10 years in prison.
Rice is the 15th and last former executive to be sentenced after pleading guilty to crimes at Houston-based Enron.
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