Ex-Enron executive pleads guilty

HOUSTON, May 19 (UPI) -- Fomer Enron Vice President Paula Rieker pleaded guilty Wednesday in Houston to insider trading and agreed to cooperate with federal investigators.

Rieker was also a former Enron managing director of investor relations and corporate secretary.


Rieker, 49, of Spring Branch, Texas, faces a maximum sentence of up to 10 years in prison and a fine of up to $$@$!1 million at her sentencing, which will be scheduled at a later date.

As part of her plea agreement, Rieker has agreed to cooperate fully with the government's ongoing criminal investigation of the collapse of energy giant Enron.

Rieker sold 18,380 shares of Enron stock on July 5, 2001, shortly after learning Enron intended to announce its Broadband Services business lost $$@$!102 million in the second quarter of 2001, but before this information became public.

Thirty defendants have been charged in connection with the work of the Enron Task Force, and with Rieker's, 11 defendants have so far been convicted. The total forfeiture for victims obtained to date tops $$@$!161 million.

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