Enron Broadband
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Another former Enron official in custody
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(Houston-AP) -- Another former Enron Corporation executive has turned himself in to the F-B-I in Houston.
Rex Shelby is among five former Enron Broadband officials indicted last week. They're accused of scheming to promote the Internet unit as having capabilities it didn't have while personally selling (m) millions of dollars in stock.
The 51-year-old Shelby is charged with fraud, money laundering, insider trading and conspiracy. His attorney Edwin Tomko, escorted his client into the F-B-I Houston office today. Tomko calls charges against Shelby "far-fetched" and says he'll be cleared.
The former vice president of engineering operations for Enron Broadband was allowed to postpone his surrender and court appearance because his father had surgery last week.
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