One of two former Enron broadband executives convicted in retrial

Jurors on Wednesday convicted one of the former executives from Enron Corp.'s defunct broadband unit to be retried after his original case ended in a hung jury last year.

Former broadband unit finance chief Kevin Howard was convicted while former in-house accountant Michael Krautz was acquitted of five counts of fraud, conspiracy and falsifying records after a monthlong trial.

The verdict came six days after another jury convicted Enron founder Kenneth Lay and former Enron Chief Executive Jeffrey Skilling of fraud, conspiracy and other charges in one of the biggest business scandals in U.S. history.

Jurors in the original broadband trial were unable to decide nearly a year ago on all criminal counts facing Howard and Krautz.

The government contended that Howard conspired to manufacture earnings for the failing broadband unit in late 2000 by selling an interest in future revenue of a video-on-demand venture that disintegrated a few months later, reports AP.


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Author`s name: Editorial Team