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Keyword: wesleycolwell

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  • SEC says ex-Enron executive to pay $500,000 (1/2 the fine of the former treasurer and no prison!)

    10/09/2003 8:13:56 PM PDT · by 1riot1ranger · 17 replies · 258+ views
    The Houston Chronicle ^ | 10/9/2003 | Reuters News Service
    SEC says ex-Enron executive to pay $500,000 Reuters News Service WASHINGTON -- The Securities and Exchange Commission said today that it charged the former chief accounting officer of Enron North America with securities fraud and he agreed to pay $500,000 in a settlement. Wesley Colwell, without admitting or denying wrongdoing, agreed to be barred from serving as officer or director of a public company and to pay $200,000 in penalties and $300,000 in disgorgement, the SEC said. "As part of this settlement, Colwell will continue to cooperate with on-going investigations into Enron Corp. by the Securities and Exchange Commission and...