Enron Ex-Corporate Secretary Pleads Guilty

Paula Rieker, former corporate secretary of Enron Corp., agreed to plead guilty to a criminal charge of insider trading and cooperate with the government’s investigation of the company.

Rieker made insider trades in July 2001 to avoid significant losses in Enron Broadband Services, according to court papers filed by the Justice Department. She also agreed to pay $499,333 to settle Securities and Exchange Commission civil allegations that include a claim she provided “substantial assistance to Enron executives and senior managers” in misleading the public about the company’s finances. The SEC didn’t name the officials.