Ex-Merrill Banker Gets Out of Stir

A fourth former banker for Merrill Lynch was released from prison yesterday, after his conviction on Enron-related fraud charges was overturned last week.

James A. Brown, formerly Merrill’s strategic financial group chief, was released pending his appeal of related perjury and obstruction-of-justice convictions that were not overturned. Mr. Brown and three other Merrill ex-bankers and an Enron finance executive were convicted in November 2004 of helping Enron inflate its 1999 earnings through the sham sale of Nigerian power barges to Merrill Lynch.

http://dealbook.blogs.nytimes.com/?p=6232