Ex-Merrill Banker Brown Won’t Face Retrial in Enron Barge Case
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Merrill Lynch & Co. former banker James A. Brown won’t be retried on fraud charges related to his alleged role in an Enron Corp. scheme involving the sham sale of Nigerian electricity-generating barges.
Prosecutors, in a court filing yesterday, asked U.S. District Judge Ewing Werlein Jr. in Houston to dismiss three charges against Brown. The judge on Sept. 14 denied the government’s request to postpone the trial, which was set to start Sept. 20.