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BREAKING NEWS ~ Former Merrill banker gets prison for role in Enron scandal

[JURIST] Ex-Merrill Lynch investment banker Robert Furst has been fined $565,000 and sentenced to 37 months in federal prison in connection with his role in the Enron [corporate website] scandal. Furst was convicted for setting up a fake deal with Enron in 1999 to boost that company's earnings. Another former Merrill Bank executive had previously been sentenced [JURIST report] to 30 months in prison for his involvment in the scandal. Reuters has more.

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Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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