HOUSTON (AP) - The man who ran Enron Corp.'s finances from the aftermath of its failure through last October has agreed to pay $500,000 (euro389,286) to settle allegations that he knew or should have known some assets were grossly overvalued to falsely inflate the disgraced energy company's profits.
Raymond Bowen Jr., 45, "knew or was reckless in not knowing'' that assets were overvalued or protected from losses by hedges that didn't satisfy accounting rules, the Securities and Exchange Commission said in a complaint filed Monday in federal court in Houston.
