The verdicts came less than a week after former Enron chief executives Ken Lay and Jeffrey Skilling were found guilty of conspiracy and fraud for covering up financial problems at the company, which collapsed in December 2001 in the then-largest ever U.S. bankruptcy.
Kevin Howard, the former finance chief at Enron Broadband Services (EBS), the company’s Internet business, was convicted of one count of conspiracy, three counts of wire fraud and one count of falsifying books and records linked to a project EBS named “Braveheart.” Each count carries a maximum sentence of five years in prison.
Prosecutors said the project was used to illicitly generate more than $110 million in revenue in late 2000 and early 2001.
Howard’s co-defendant, former EBS accountant and executive Michael Krautz, was acquitted on the same five charges.
“It’s a big relief,” said Krautz, who now works as a mortgage broker. “It closes a big chapter for me. Now I can get on with life.”