Enron’s Internet division CEO gets 16 months

By Daily Maverick Legacy 29 September 2009

Almost eight years after one of the most-publicised bankruptcies in history, Enron’s ugly story is still being told and re-told in courts across the US. The latest instalment is Joseph Hirko, the Houston, Texas, company’s broadband division chief, who was jailed for 16 months and fined $8.7-million. Though Hirko apologised for his actions, his story is just another card in the one of the biggest houses of cards ever built. He lied about Enron’s broadband capabilities and then used the inflated numbers to boost the company’s share price. Investor losses due to Hirko’s actions alone were around $80-million.

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Lost Boys

Cop who exposed Magnus Malan paedophile ring found dead in Eastern Cape

By Marianne Thamm

The filming of The Beach permanently damaged the ecosystem on the Thai island it was located on.

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