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Robert Furst

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BUSINESS
October 15, 2004 | From Reuters
A former Enron Corp. executive told a jury Thursday that he knew the disgraced energy company had made a bogus deal with Merrill Lynch & Co. in order to post fraudulent profits. But the former finance executive, Daniel Boyle, said he had no part in the secret 1999 deal, in which Enron sold Merrill three electricity-generating barges floating off the Nigerian coast but promised to buy them back from the investment bank.
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BUSINESS
June 8, 2004 | From Reuters
A federal judge on Monday delayed the first Enron criminal trial until August, saying on the day it was to begin that the case involving six defendants would take longer than he expected. U.S. District Judge Ewing Werlein rescheduled the trial for Aug. 16 after conferring with lawyers for both sides. A month ago, Werlein had told the lawyers the case had to be finished by July 12, because of a scheduling conflict.
BUSINESS
June 7, 2004 | From Reuters
Two former Enron Corp. executives and four onetime Merrill Lynch & Co. bankers are scheduled to go on trial in Houston today, in the first criminal fraud case stemming from the collapse of the energy giant. Opening statements are expected Tuesday. The six are accused of helping push through a sham sale so that the energy firm would appear to have met earnings targets. The Justice Department's biggest cooperating witness in the probe, former Enron Chief Financial Officer Andrew S.
BUSINESS
October 4, 2004
Former Enron Corp. finance chief Andrew S. Fastow isn't a defendant or a prosecution witness in the first criminal trial to emerge from the energy company's crash, but he could be called to testify for the defense -- possibly as a hostile witness. Attorneys for four former Merrill Lynch & Co.
BUSINESS
November 10, 2004 | From Bloomberg News
A jury that convicted five former executives from Enron Corp. and Merrill Lynch & Co. of fraud and conspiracy last week decided Tuesday that the crime cost investors $13.7 million. The five convictions on Nov. 3 followed a six-week criminal trial in Houston federal court, the first arising from the fraud that led to Enron's collapse.
BUSINESS
March 18, 2003 | From Reuters
The Securities and Exchange Commission on Monday charged Merrill Lynch & Co. and four of its former executives with securities fraud, accusing them of helping Enron Corp. to pad its profit. "Merrill Lynch and its former executives aided and abetted Enron Corp.'s earnings manipulation by engaging in two fraudulent year-end transactions in 1999," the SEC said in a 22-page complaint filed in U.S. District Court in Houston.
BUSINESS
September 18, 2003 | C. Bryson Hull, Reuters
Merrill Lynch & Co. on Wednesday avoided potentially devastating criminal charges in the Enron Corp. scandal by agreeing to a series of reforms, while federal prosecutors charged three former Merrill bankers with conspiring to pad Enron's reported earnings. The Merrill agreement could have far-reaching implications for Wall Street's relationships with corporate customers, some experts said.
BUSINESS
July 30, 2002 | From Times Wire Services
Enron Corp. pressed Merrill Lynch & Co. to upgrade its investment recommendation on the energy trader's stock in 1998 in exchange for investment banking business, Senate investigators said Monday. Merrill changed its Enron analysts, and its rating on Enron's stock was upgraded from "neutral" to "accumulate." Enron included Merrill as a co-manager of a $750-million equity offering from which Merrill had been excluded, Senate aides said, citing internal memos, e-mails and interviews.
BUSINESS
June 9, 2006 | From the Associated Press
Two former Merrill Lynch executives convicted in connection with Enron Corp.'s bogus sale of power barges to the brokerage can post bond and be released from prison pending their appeals in the case, a federal appeals court has ruled. Daniel Bayly and Robert S. Furst were two of five people convicted of helping push through Enron's sale of power plants mounted on barges to the brokerage in 1999. The sale helped Enron to appear to have met earnings targets. Bayly, of Darien, Conn.
BUSINESS
September 21, 2004 | From Associated Press
A judge overseeing the first criminal trial involving former Enron Corp. executives told prospective jurors Monday that he didn't expect them to have "come out of some hole somewhere" and not know of the former energy-trading giant. Those chosen for the panel will decide whether four former Merrill Lynch & Co. executives and two former mid-level Enron executives participated in the sham sale of electricity-producing Nigerian barges to the brokerage firm in 1999 to prop up Enron's earnings.
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