Release ordered for 2 executives:Pair from Merrill Lynch appealing Enron c

June 8, 2006, 11:28PM
Release ordered for 2 executives
Pair from Merrill Lynch appealing Enron convictions


By JOHN C. ROPER
Copyright 2006 Houston Chronicle

Two Merrill Lynch executives convicted for their roles in a Nigerian barge deal that inflated Enron's profits have been ordered released from prison pending their appeal.

Some legal observers say their release could mean some of the convictions in the case may soon be overturned.

Former executives Daniel Bayly and Robert Furst were ordered free on bail Thursday by the 5th U.S. Circuit Court of Appeals. They join fellow Merrill executive William Fuhs, who was released on bond in March pending the same appeal.
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"It could have been a faulty instruction, it could have been anything," said Jimmy Ardoin, a defense attorney who represented former Enron accountant Sheila Kahanek, the only defendant in the barge case to be acquitted.
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http://www.chron.com/disp/story.mpl/front/3953418.html

borrowed from S&G).

If they, or their friends, business associates, or families are, they are gonna skate.

God, I can't wait till we get the house and senate back...there will be a reckoning for these assholes.

pending appeal has anything at all to do with whether the court believes the appeal will be successful.

It probably has to do with flight risk and time already served relative to time remainging to be served, and things like that.