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Thursday, October 16, 2003
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The 2004 Japan Exchange and Teaching Program
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By Kristen Hays
THE ASSOCIATED PRESS
HOUSTON — A former
Enron Corp. accountant and a
former Merrill Lynch & Co.
executive pleaded innocent
Wednesday to conspiracy
charges in connection with a
sham deal to help the energy
company inflate 1999 earnings
with a loan disguised as a sale of
Nigerian barges.
Sheila K. Kahanek, the in-
house accountant, and William
R.Fuhs, a former vice president
for the brokerage firm, were
added as defendants to last
month’s indictment of three for
mer Merrill Lynch executives
for allegedly participating in the
barge scheme. Both were freed
on $100,000 bond, according to
court records.
Also Dan Boyle, a former
Enron finance executive indict
ed in April on similar charges
related to the barge deal, was
added to the Merrill Lynch exec
utives’ case. Originally he was
added in April as a defendant to
an indictment charging former
Enron finance chief Andrew
Fastow with nearly 100 counts
including insider trading, fraud,
money laundering and conspira
cy for a wider scope of alleged
schemes including the barge
deal. Both he and Boyle have
pleaded innocent as well.
Attorneys for Kahanek and
Fuhs didn’t immediately return
calls for comment from The
Associated Press.
Prosecutors allege Enron,
with Merrill’s knowledge,
booked a short-term $7 million
investment from the brokerage
as a $12 million profit from
sale of Nigerian barges in
December 1999. Enron’s pre
vious efforts to find a buyer
had failed and the energy com
pany needed the sale to appear
to have met earnings targets.
But prosecutors say it wasn't a
genuine sale because Enron —
namely, Fastow — promised
Merrill would be bought out with
in six months. In June 2000,
LJM2, one of several partnerships
Fastow ran to do deals with
Enron, bought Merrill’s interest in
the barges for $7.5 million.
Last month former Merrill
executives Daniel Bayly, Robert
Burst and James A. Brown became
the first Wall Street bankers to be
hit with criminal charges in the
aftermath of Enron’s scandalous
collapse in 2001. All three plead
ed innocent and were freed on
$100,000 bond.
Charges against those three
remain unchanged in the
expanded indictment unsealed
Wednesday. Like them,
Kahanek, Fuhs and Boyle are
charged with conspiracy to falsi
fy books and records.
Perjury and obstruction of jus
tice charges tiled against Brown
last month for allegedly lying to
investigators and a grand jury in
Houston investigating Enron’s
collapse also remain unchanged.
The new indictment charges Fuhs
with lying to the FBI and obstruc
tion of the grand jury investigation
as well.
Prosecutors allege Brown
and Fuhs lied to investigators
when they said they knew noth
ing of the secret buyback deal.
The indictment alleged Furst
“caused a document” that sum
marized the barge deal, including
Enron’s guarantee to buy back
Merrill’s interest at a premium.
Brown assigned Fuhs to get the
deal done, and Bayly confirmed
Fastow’s buyback promise when
others at Merrill expressed doubts
about the transaction.
MADD unveils new video
about dangers of alcohol
DALLAS (AP) — Mothers
Against Drunk Driving will roll
out a new 35-minute video
Thursday that uses rock music,
movie clips and real-life testi
monials to warn middle and
high school students about the
dangers of drinking and driving.
The video, called “FACE,” is
interspersed with testimonials
from kids who’ve lived in crack
houses, had friends killed in
drunken driving accidents and
served prison time after stealing
money to buy drugs.
The DVD will be played on
a 15-by-45-foot screen at some
2,000 schools across the coun
try. Schools must pay $675 per
show, or $1,350 for multiple
presentations in one day.
“We believe the combination
of music videos, movie and TV
clips, and real-life stories will be
highly effective with students as
they view FACE throughout the
school year,” MADD national
president Wendy J. Hamilton said.
The video is narrated by pop
singer Solange Knowles, sister
of Beyonce Knowles, who at
one point advises, “Grabbing
the keys is easy. Being a good
driver is the hard part.” After the
video, there is a question and
answer session with teachers
and students.
The video is an updated ver
sion of one that debuted three
years ago and
has been seen by
about 2 million
students at about
3,000 schools,
MADD spokes
woman Misty
Moyse said.
The Irving,
Texas-based
group said it’s
important that
kids know about
drinking and
driving before
they head off to
college.
MADD cited
a study in the January issue
Journal of Studies on Alcohol
which found that the younger
people are the first time they get
drunk, the more likely they are
to be alcohol dependent once
they attend college.
For example, children who
first got drunk before age 12 were
at least four times more likely to
be alcohol dependent by college
than someone who waited until
they were 19 years old to drink,
said Ralph Hingson, Associate
Dean for
Research at
Boston
University’s
School of Public
Health and the
study’s author.
H i n g s o n ’ s
research was
based on the
1999 Harvard
College Alcohol
Survey, which
analyzed the
drinking habits
of 12,550 19-
year-old students
at 119 colleges.
A report last month by the
Institute of Medicine and the
National Research Council
called underage drinking a $53
billion problem and urged high
er alcohol taxes and tougher
sales laws to deal with the issue.
We believe the
combination of mu
sic videos, movie and
TV clips, and real-life
stories will be highly
effective.
— Wendy J. Hamilton
MADD national president
redit.
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NASHVILLE
MANDOLIN
ENSEMBLE
Performance to be followed by
Q&A with audience members
Thursday, October I 6
7:30 PM
Rudder Theatre
TICKETS
845-1234
www.MSCOPAS.org
Six of Nashville’s most accomplished
musicians will assemble on the stage of
Rudder Theatre for a concert: packed with
perfect pickin’! Known as the Nashville
Mandolin Ensemble, these s;ix guys will
perform bluegrass, pop, country and more —
all on mandolins. Start strummiing!
buy tickets,
be inspired
Support Provided By:
MSC
OPAS
virJ oarcJner's
7'bree Decades of Performing Arts-
uliglhm j entertain
r
Tickets Ifiange From $IO-$20!
Teach English in junior and senior high schools in Japan
Learn about Japanese culture and people .
Gain international experience A
Requirements
• Have an excellent command of the English language
• Obtain a bachelor’s degree by July 1,2004
• Be a U.S. citizen
• Be willing to relocate to Japan for one year
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Applications are now available. The deadline for applying is December 5,2003. For more information
and an application contact the Consulate General of Japan in Houston at Wells Fargo Plaza, Suite 2300,
1000 Louisiana St., Houston, TX 77002. Call (713) 652-2977 x120 or 1-800-INFD-JET or
email: jetcoord@cgjhouston.org. The application can also be found at www.us.emb-japan.go.jp
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♦ $1 u-call-its and
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♦ $2.50 pitchers and
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♦ All tickets $8 at the door
♦ Live in concert & singing
“Texas in 1880”, “Everyday
Angel” & “Scary Old World”
♦ Tickets on sale now for onl y $8
AT CA VENDERS, BASKINS, AND THE
Hall ($10 da y of show)
♦ With special guest:
OWEN TEMPLE!
♦ $1 U-CALL-ITS AND
$1.50 LONGNECKS TIL 10 P.M.
♦ $1.50 CHUGGERS AND
$2.50 PITCHERS ALL NIGHT!
♦ Tickets on sale now for only $12
at Lavenders, Baskins, and the
Hall ($15 day of show)
♦ Live in Concert and singing:
“Holding Her and Loving You” &
“Don’t Make it Easy for Me”
Earl Thomas
CONLEY
The Texas Halt of Fame encourages you to drink responsibly and always
designate a driver. Free soft drinks to designated drivers over 21,