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First Criminal Trial Involving Enron Officials Alleges Conspiracy and Fraud

The first criminal trial involving former Enron executives opened Tuesday with prosecutors charging that defendants conspired with Wall Street bankers to carry out a sham transaction meant to help the company appear to have met earnings targets. The deal -- involving electricity-producing barges off the Nigerian coast -- is not among the indiscretions that pushed Enron into bankruptcy, but prosecutors say it shows Enron was willing to use suspect practices to meet lofty earnings targets.

September 22, 2004 at 12:00 AM

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