Three British bankers charged with Enron fraud

Ananova ^ | Friday 28th June 2002 | Ananova

[grimalkin]

The US Justice Department has charged three former British bankers with wire fraud in an alleged £5 million scheme involving Enron.

The three former employees of National Westminster Bank - Gary Mulgrew, Giles Darby and David John Bermingham - have been charged in a criminal complaint filed in Houston.

The complaint, filed by the Justice Department's Enron taskforce, alleges that the former bank officers secretly invested in an Enron entity, Southampton LP, through a series of financial transactions.

With the secret investments, the bankers were able to siphon off £5 million in income that belonged to their employer, the Justice Department alleges.

All three men were employed by the finance group of Greenwich NatWest, a division of NatWest with offices in Greenwich, Connecticut, and London.

At the time, NatWest was among a small group of banks that did the most business with Enron and were given preferential treatment by the company.

The government's complaint also alleges that the three men recommended that an interest in an Enron-related partnership held by NatWest should be sold for £670,000 even as they schemed with Enron executives to purchase that interest for £160,000.

[Robert357]

Thank you, I wonder how much money these guys contributed to democratic politicians?

Enron Bump

[Ernest_at_the_Beach]

Thanks for the ping!

Lots of scheming was going on, for sure!

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[Robert357]

At first I thought I was making a joke about these guys giving to democrats, but I found a similar post which said they were big contributors to Lieberman. Good old Joe is on the Enron criminal group list.

The later FreeRepublic article with more comments