Follow up of the day
Out of context: Reply #5
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- georgesIII0
@ freedom,
from Lou pai's wiki (I guess it's a happy ending)
Post-Enron[edit]
Pai is the founder and chairman of Element Markets, a renewable-energy consulting firm that has hired several former Enron senior employees.[17] Through Element, Pai has invested in pollution emissions credits.[18]On July 30, 2008, Pai agreed to resolve civil insider trading charges against him with an out-of-court settlement of $31.5 million, including $1.5 million in civil fines and $30 million in restitution, to be deposited into a fund for shareholders harmed by Enron's bankruptcy.[6] He continues to neither admit nor deny the Securities and Exchange Commission claims that he sold millions of shares of Enron stock based on non-public information about the company's financial problems. It is one of the largest settlements in the history of the SEC's enforcement program dealing with an individual for alleged insider trading.[6] As part of the settlement, Pai is also barred from serving as an officer or director of a public company for five years.[19] [20]