Ex-judge to Enron dealer: re-enter bonus of $ 20m
More than 40 former Enron distributors were selected by a judge in Texas bankrupt return $ 20 million received bonuses just before the company went bankrupt.
The money goes to employees set fire to about the same time.
Monday, it was available to the public the fact that U.S. Bankruptcy Judge Robert McGuire ordered Friday that premiums in question were false and fraudulent preferential terms.
“This does not mean it was fraud on the part of individuals, accepts the bonus - these are only bankruptcies,” said Richard Rathvon, a former employee of Enron, half-form, the Committee that because of money.
“But it does mean that we were right at all. The fact that these funds was the door 48 hours before the bankruptcy is now in the hands of those who threw the door.”
Enron paid $ 105 million of premiums favorites Trading staff only, “he said before Chapter 11 bankruptcy in December 2001.
Lawyers David McClain and Mark Maney of Houston, representing the workers’ committee, said the Monday of $ 20 million is also up to 50 million already recovered through negotiation and the process of conduct.
The appeal, she said, was initially against about 300 people. All over 40, but there is always the case in Houston was tried earlier this year.
Rathvon, now works in New Jersey, said the $ 20 million from this judgement and other $ 25 million has already won in the colonies, finally, are set fire to the 4500 people who, when or shortly after the bankruptcy.
McGuire’s decision can still relying on Federal District Court of one or all of the 40 accused.
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