Enron Broadband Ex-Execs Indicted
From Reuters
A federal grand jury indicted two fired Enron Corp. executives on fraud charges for allegedly creating $111 million in fake revenue from a ballyhooed Internet video-on-demand venture that failed.
In a 19-count indictment that mirrored criminal charges brought two weeks ago, the Justice Department accused former Enron Broadband executives Kevin Howard and Michael Krautz of fraudulently helping Enron record earnings in 2000 and 2001 from the video-on-demand venture with Blockbuster Inc.
Howard and Krautz are free on $500,000 bond each and have indicated they intend to fight the charges.
