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Thayer Enters Prison to Serve 4-Year Term

Associated Press

Former Deputy Defense Secretary W. Paul Thayer checked into a minimum-security federal prison Monday to serve a four-year sentence for obstruction of justice, a prison spokeswoman said.

Thayer, former chairman of LTV Corp., entered the prison through a back door to avoid a crowd of reporters at the front gate.

Former Dallas stockbroker Billy Bob Harris had checked into the prison about three hours earlier.

A federal judge in Washington sentenced the two men to four years in prison and fined them $5,000 each after they pleaded guilty to obstructing justice.

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They admitted giving false statements to the Securities and Exchange Commission when it investigated an insider trading scheme involving them.

Inmates at the prison live in cells “sort of like a motel room,” and the prison has tennis courts, exercise equipment and Jaycees and Toastmasters clubs, a spokesman said.


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