Bankers lose US extradition fight

[emad]

London Evening Standard
15 October 2004

A TEAM of NatWest investment bankers, the 'Enron Three', today lost their fight to avoid extradition to the United States to stand trial on fraud charges.

They could now face bankruptcy and up to 35 years in jail over their alleged part in a multimillion dollar fraud with disgraced executives of the bust energy giant.

The judge at Bow Street Magistrates Court said he saw no reason why the three could not face trial in Texas over the alleged fraud charges.

Judge Nicholas Evans said there was a good basis for the three, former employees of Greenwich NatWest which is now part of Royal Bank of Scotland, to be prosecuted in the US. He dismissed claims they would not get a fair trial. His recommendation now goes to Home Secretary David Blunkett.

More:
http://www.thisislondon.co.uk/news/business/articles/timid83567?source=

[emad]

1. From BBC News:

David bermingham


Gary Mulgrew


Giles Darby

The three men - David Bermingham, Gary Mulgrew and Giles Darby, all 42 - have all denied colluding with Enron to sell an investment at a knockdown price.

More:
http://news.bbc.co.uk/1/hi/business/3746082.stm

[shaolinmonkey]

2. Good. Texas prison. Excellent for these weasels.