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Smartest Guys in the Room
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Jeffrey Skilling III
#2
Dragon Warrior
MA
7
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3
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4
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8
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19
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15
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5
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2
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6
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6
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m
Skills
Block
Guard
CEO

Skilling was indicted on 35 counts of fraud, insider trading, and other crimes related to the collapse of Enron.

He surrendered to the Federal Bureau of Investigation on February 19, 2004, and pleaded not guilty to all charges.

The main reason for his arrest was his probable knowledge of the fraudulent transactions within Enron.

About a month after quitting Enron, Skilling sold almost $60 million of his stake in the company (in blocks of 10,000 to 500,000 shares), leading to the prosecutors' allegation that he sold those shares with inside information of Enron's impending bankruptcy.

On October 23, 2006, Skilling was sentenced to 24 years and 4 months in prison, and fined $45 million.

The case is currently under appeal.

During his admissions interview for Harvard Business School, Skilling was asked, "Are you smart?" – to which he famously replied, "I'm f**king smart."
Andrew Fastow
#3
Lineman
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3
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27
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63
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25
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36
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36
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Skills
+MA
Dirty Player
Dodge
CFO

Fastow was one of the key figures behind the complex web of off-balance sheet special purpose entities (limited partnerships which Enron controlled) used to conceal their massive losses.

He is currently serving a prison sentence for charges related to this conduct.

On October 31, 2002, Fastow was indicted by a federal grand jury in Houston, Texas on 78 counts including fraud, money laundering, and conspiracy.

On January 14, 2004, he pled guilty to two counts of wire and securities fraud, and agreed to serve a ten-year prison sentence.

He also agreed to become an informant and cooperate with federal authorities in the prosecutions of other former Enron executives in order to receive a reduced sentence.
 
Paula Reiker
#4
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5
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24
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2
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11
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11
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-ma
Skills
Dodge
Executive

Paula Rieker, Enron Corp.'s former No. 2 executive in investor relations and later its corporate secretary, was sentenced to two years' probation for insider trading.

Rieker, 52, admitted to selling company shares upon learning Enron's broadband unit had lost millions of dollars.

Rieker faced up to 10 years in prison. Prosecutors had asked she be given a reduced sentence because she helped authorities in their investigation.
Richard Causey
#5
Lineman
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6
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39
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39
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Skills
Block
Mighty Blow
Tackle
Executive VP and CAO

On January 22, 2004, Causey was indicted for wire fraud and conspiracy charges in connection with his activities at Enron between 1998 and 2002.

While prosecutors do not believe he skimmed millions of dollars from the numerous suspicious deals, he is believed to know details of many of them.

Causey originally pled not guilty, but on December 28, 2005, he entered a guilty plea and agreed to testify against Kenneth Lay and Jeffrey Skilling in exchange for a 5 to 7-year prison term.

Skilling's lawyer Daniel Petrocelli reportedly responded that Causey was innocent, and simply broke under the pressure.
 
Ben Glisan, Jr.
#6
Lineman
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7
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3
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26
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26
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Skills
+MA
Dodge
Treasurer

Pleaded guilty to a federal conspiracy charge and became the first executive sentenced to prison in the scandal that toppled the energy company.

Glisan was sentenced to five years in prison on a conspiracy charge, the maximum term allowed.

Glisan, 37, also agreed to forfeit nearly $1 million in profits from a partnership investment related to Enron and agreed to not seek a refund of $412,000 in income taxes he paid on that profit.

Twenty-three other counts against Glisan were dismissed.
John Forney
#7
Lineman
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7
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3
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4
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111
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10
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1
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23
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26
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Skills
+MA
Block
Energy Trade Manager

Forney invented various strategies such as the "Death Star," was indicted in December 2002 on 11 counts of conspiracy and wire fraud.

Forney, who was manager of Enron's real-time trading desk in Portland, Ore., pleaded guilty in 2004 to faking congestion on California transmission lines to collect fees.

U.S. District Judge Martin Jenkins said he weighed Forney's conduct against his cooperation with the government.

He was sentenced to two years of probation and fined $4,000 for creating trading tactics to drive up power prices during California's energy crisis of 2000-2001.
 
Timothy Belden
#8
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26
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26
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Skills
Block
Dodge
Head of Trading

Belden worked hard at uncovering regulatory loopholes and was the brains behind many of the trading strategies that resulted in the California electricity crisis.

Belden pleaded guilty to one count of conspiracy to commit wire fraud as part of plea bargain and has been very helpful to authorities in convictions of many top executives.

Belden was sentenced on February 14, 2007, to two years of court-supervised release and must forfeit $2.1 million.

Federal prosecutors recommended probation because Beldon cooperated in the case, assisting with the prosecution of senior Enron executives.
Michael Kopper II
#9
Phoenix Warrior
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6
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10
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Skills
Pass
Block
Executive

Michael Kopper was sentenced to a 37-month prison term for his role in the corporate scandal.

The sentence was reduced at the request of prosecuting attorneys in return for the testimony against other former Enron executives.

Kopper, a former Enron managing director and subordinate to former Enron Chief Financial Officer Andrew Fastow, pleaded guilty to one count of conspiracy and one count of money laundering in August 2002 for which he faced up to 15 years in prison.

As part of his plea agreement, Kopper agreed to return millions of dollars he had pilfered from the company.

That money, along with the court-imposed $50,000.00 fine , has been deposited in a fund for the victims of Enron's collapse.
 
Dave Delainey
#10
Lion Warrior
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9
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Skills
Catch
+AG
+MA
Dodge
Sure Hands
CEO of Enron's trading unit, Enron North America

Delainey was sentenced to 2 1/2 years in prison for insider trading in connection with the energy company's financial collapse.

Delainey, who pleaded guilty in October 2003, had admitted to participating in schemes to manipulate earnings to please Wall Street.

Prosecutors said he sold $4.25 million in stock throughout 2001 when he knew of a wide-ranging scheme to make Enron appear financially robust and inflate the company's stock.
Mark Koenig
#11
Phoenix Warrior
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Skills
Pass
Executive Vice President, Investor Relations

Mark Koenig has been sentenced to 18 months in prison.

Koenig, who helped present the company's false financial reports to investors, pleaded guilty in August 2004 to aiding and abetting securities fraud, and agreed to cooperate with federal prosecutors.
 
Ken Rice
#12
Lion Warrior
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Skills
Catch
+MA
Block
Dodge
Side Step
Co-CEO, Enron Broadband

In May 2003, Rice was indicted on more than 40 counts associated with Enron's collapse into bankruptcy, including fraud and conspiracy.

He pleaded guilty to one count of securities fraud in 2004.

He cooperated with the government in an attempt to reduce his sentence.

Rice pleaded guilty to a charge involving the sale of about 1.2 million shares of Enron stock for more than $76 million.

When Enron's stock price was evaporating in 2001, Rice netted $14.7 million exercising options.

Under the plea agreement, Rice forfeited $13.7 million in property, including a Telluride, Colo., vacation home.

He also gave up a necklace — said to have 16 diamonds and 226 sapphires — and matching bracelet, two Ferraris and a Shelby sports car.

Rice paid $1 million to settle charges with the Securities and Exchange Commission.
Jeffrey Richter
#14
Lion Warrior
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8
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4
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4
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100
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42
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42
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Skills
Catch
+ST
Frenzy
Mighty Blow
Executive - Energy Trader

Jeffrey Richter pleaded guilty in February 2003 to conspiracy to commit wire fraud in connection with Enron's power trading schemes in California.

He was sentenced to two years' probation and a $10,000 fine after he cooperated with authorities in the case.

The Enron schemes to manipulate energy prices during California's 2000-2001 energy crisis are estimated to have cost the most populous U.S. state about $42 billion.