Enron Internet Chief Gets 27-Month Prison Term

[n2doc]

Source: NY times

HOUSTON (AP) — The former chief of Enron Corp.’s high-speed Internet unit, who turned government witness and testified in the trial of 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, 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.

Before sentencing, Rice apologized for his role in the corporate scandal.

“I’m sorry. I wasn’t raised that way and I’m ashamed of that,” he said, beginning to cry. “I’m committed to turning my life around.”

Read more: http://www.nytimes.com/aponline/business/AP-enron.html

[YOY]

1. Cry me a river Rice

Cry those employees back their stock options.

Cry the folks of California back their money after your company price gouged then.

Cry so hard that that SOB in Hawaii Lou Pi hears you and feels some twinge of remorse instead of being happy he's the one that got away.

[SharonRB]

2. Now he can fake his own death and meet Kenny Boy on that island

:tinfoilhat:

[0007]

3. ......or that villa off the coast of Spain

[Robbien]

4. Is he one of the ones who laughed at Granny sitting in the dark while

he and his company turned off the electricity in order to get higher rates.

There was a lot of glee in that laughter back then. So much that it is hard to believe his words of contrition now.

[The Backlash Cometh]

6. Well, if he wasn't raised to be like that, where

did he go wrong? Was it the frat hazing that turned him mean? Was it corporate America that turned him against his own people? And if so, why are we allowing our government to be run like a business and by big business?

[gratuitous]

7. Don't ask forbidden questions!

Just be happy that the bad guy is getting locked up and paying his debt to society. Boy oh boy, 27 months will sure deter the next guy who looks to scam millions of dollars. If the death penalty is such a sure-fire deterrent to murderers, why aren't these sentences a smidgen longer? Oops, another forbidden question.

We should watch tapes of the Republican convention over and over again until we're properly re-educated about the role of big business in our great country.

[AwareOne]

5. If he had robbed just one of his victims with a gun

instead of an accountant, he would be doing 10 years in jail here in Florida. 27 months at a country club jail for fifty million dollars, not a bad trade!

[DerBeppo]

8. not if he was an accomplise

and testified against those who masterminded it. That's why he's getting 27 months--for testifying against the others.

[Robbien]

9. Ha, you got me at the last twist

He is getting jail time for doing a good thing. In this RNC world of ours that is about what it could come to.