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Latest Business News

Ex-Enron Broadband Head Sentenced

Monday, June 18, 2007 6:13:46 PM
By JOHN PORRETTO

Kenneth Rice, former chief of Enron Corp.'s high-speed Internet unit, arrives at Houston's federal courthouse where he was sentenced to 27 months in prison, Monday, June 18, 2007. It's been nearly three years since Rice pleaded guilty to securities fraud and agreed to help federal prosecutors on other cases related to the energy giant's collapse.  (AP Photo/Pat Sullivan)HOUSTON (AP) - One of the key prosecution witnesses whose testimony helped convict former Enron CEO Jeffrey Skilling and company founder Kenneth Lay was sentenced Monday to 27 months in prison.

It's been nearly three years since Kenneth Rice, 48, the former chief of Enron Corp.'s high-speed Internet unit, pleaded guilty to securities fraud and agreed to help federal prosecutors on other cases related to the energy giant's collapse. His sentencing was postponed as he cooperated with prosecutors.

Rice becomes the ninth ex-Enron executive to receive a jail term after pleading guilty to crimes.


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