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Published · transcript-backed

Ben Gilbert: belief

29 Nov 2022 Acquired Enron

“I think the deal was, if you plead guilty to one count of insider trading, you get two years of probation.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
29 Nov 2022
Publisher
Acquired
Episode
Enron

Transcript context

…As with all huge mega scandal trials like this, like we said, all the underlings, even all the way up to Fastow cop plea deals, the actual case that the government wants is to go against Lay and Skilling, go against the top. Every single one of them all the way down and cop plea deals. Ken Rice, who led broadband, did the plea deal, got a 27-month sentence. Rex Shelby was charged with fraud, conspiracy, and money laundering. I think the deal was, if you plead guilty to one count of insider trading, you get two years of probation. There were a handful of those, like wrist slap ones, to get Ken Lay and Skilling. The quid pro quo on the deals were all testify against Lay and Skilling.…

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