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Old 07-30-2008, 11:36 PM
 
Location: Tennessee/Michigan
27,998 posts, read 46,420,960 times
Reputation: 19403

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A former top executive of collapsed Enron Corp. is paying $31.5 million to settle charges that he used inside information to illegally profit from sales of thousands of shares of company stock in 2001, federal regulators said Tuesday. The Securities and Exchange Commission said the deal with Lou L. Pai -- who was chairman and chief executive of the fallen company's retail energy division Enron Energy Services -- is one of the largest ever with an individual for alleged illegal insider trading.

ABC News: Ex-Enron Exec. Settles for $31.5 Million
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