Wall Street Folly

The three Natwest investment bankers extradited to the U.S. from the UK to face charges in the Enron case now have a trial date.  U.S. District Court Judge Ewing Werlein set Sept 4, 2007 as the start.  The three bankers, David Bermingham, Giles Darby and Gary Mulgrew are out on bail, forbidden to see or communicate with one another except with their lawyers present…..

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Tags: Enron, Natwest Three

The trial of the three UK bankers dubbed "The Natwest Three" won’t start on September 11 as scheduled because two of the threee haven’t yet hired American lawyers yet….

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Tags: Enron, Natwest Three

Gary Mulgrew, David Bermingham and Giles Darby, aka the "Natwest Three" have to remain in the U.S. pending their trial.  Bail was set at $1 million a piece.  U.S. Magistrate Judge Stephen Smith ruled that they have to post guarantees for the $1 million by the end of July or they’ll go to jail.  The men aren’t allowed to live together — prosecutors told the judge that the men would have too many opportunities to coordinate their stories if they were allowed to do so — while the lawyers for the three protested that it was "inhuman" to force them to live apart in a foreign country.

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Tags: Enron, Natwest Three

The Natwest Three, Giles Darby, Gary Mulgrew and David Bermingham, bankers who were accused of fraud relating to the collapse of Enron, are now in Houston, having been extradited from their native Britain.  So that others don’t meet the same fate, FinanceAsia has a piece where they suggest the best places for white collar criminals to hide out that don’t have extradition treaties with the U.S….

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Tags: Enron, Natwest Three