Ex-Enron Executive Who Helped Convict Skilling Sentenced To Jail

Ex-Enron Executive Who Helped Convict Skilling Sentenced To Jail

A former executive of Enron Corp.'s broadband unit, whose testimony was key to the convictions of Enron scandal mastermind Jeffrey Skilling, was sentenced Monday to two years in prison for his role in the once mighty energy company's financial collapse.

Kevin P. Hannon, 46, former chief operating officer for the broadband unit, pleaded guilty to conspiracy in August 2004 for scheming with other executives to exaggerate Enron's broadband network capabilities to impress analysts and inflate company stock.

"Almost my whole life, I tried very hard to be a success. But today I stand in front of you a failure," Hannon told U.S. District Judge Vanessa Gilmore before she sentenced him.

Hannon was also fined $125,000 and ordered to serve two years probation once he's released from prison. He will remain free on bond until he reports to prison. Hannon has relinquished more than $11 million in assets since his indictment, his lawyer said.

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