Briefly
A former accountant and a former lawyer for Enron Corp. have been fined $30,000 each by federal regulators who accused them of fraud in a scheme to manipulate earnings of the fallen energy giant.
The Securities and Exchange Commission on Monday announced the settlements of civil charges with former company accountant David Leboe and in-house attorney Dale Rasmussen. The two neither admitted nor denied the SEC’s allegations, made in a lawsuit filed in federal court in Houston.
In addition, Leboe, 38, was suspended from auditing any public company for at least five years and Rasmussen, 46, was barred from working as an attorney for a public company for at least three years.
The $60,000 in civil fines will go into a fund for Enron shareholders. Attorneys for the two could not be reached immediately for comment
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
