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The man who once led Enron Corp.'s high-speed Internet unit pleaded guilty Friday to securities fraud and agreed to help federal prosecutors on other cases related to the energy giant's collapse. Kenneth Rice, 45, faces up to 10 years in prison and a fine of up to $1 million for the single fraud count. The plea deal also requires him to forfeit $13.7 million in cash and property, including jewelry and a pair of exotic sports cars.
August 02, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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