Enron broadband exec changes plea

Defunct Enron Broadband Services' COO will change plea to guilty. Division had planned to create an on-demand video service.

The Associated Press reported today that the chief operating officer of the defunct Enron Broadband Services will change his innocent plea to guilty for allegations of conspiracy, securities fraud, insider trading and money laundering.

Enron, one of the greatest corporate failures in history, has planned for the division to create an on-demand video service. The company partnered with Blockbuster but scrapped the deal in 2001.

Another day, another Enron executive to change a plea.

Featured Video

Apple dethroned as world's most highly valued company

An old foe with a new name took the title away from Cupertino. Also, Yahoo's looking at yet another big shake-up.

by Iyaz Akhtar