Enron's Ex-Treasurer is Subject of Investigation

HOUSTON -- Former Enron Corp. Treasurer Ben F. Glisan Jr. has been told by prosecutors that he is a subject of investigation for possible criminal charges in the energy company's collapse, Bloomberg News reported citing court papers made public Friday.

Prosecutors have been trying to seize Glisan's bank account containing $916,137 that they say contains ill-gotten gains from a partnership called Southampton.

Glisan wants court proceedings over the account halted because otherwise his "right against self-incrimination in the related criminal investigation will be burdened," his lawyers said in court papers.

"Mr. Glisan has been informed by the Enron task force that he is a subject of that criminal investigation," wrote Glisan's lawyers in court papers.

-- NYSSCPA.org News Staff

Posted on 12/30/02