This is the official site for information about the U.S. Securities & Exchange Commission program to distribute the monetary proceeds of various civil enforcement and administrative cease-and-desist proceedings relating to the fraud that occurred at Enron Corp.


Update October 1, 2014

The distribution of the Enron Victim Trust to approved claimants with timely filed claims is complete. The Second Distribution was completed in October, 2013. As of October 1, 2014, all uncashed checks are void, have no cash value and will not be reissued. If these checks are presented for payment after October 1, 2014 they will not be honored and may result in a fee being charged to you by your bank. The Distribution Agent and his agents are not responsible for any fees you may incur from your bank.

We anticipate the Enron Victim Trust will be closed; and the website, mailing address, email address and toll-free phone number will be disabled in the coming months.

Background

As a result of the investigation of the Enron securities fraud, the SEC commenced several civil enforcement and administrative cease-and-desist proceedings seeking recovery for damages caused by parties that allegedly were involved in the fraud. Numerous parties, including corporate and individual defendants, collectively paid approximately $450 million as part of their settlements of the SEC actions. The proceeds of these settlements were contributed to a fund, the Enron Fair Fund, to be distributed to investor victims of the fraud in accordance with the Fair Funds for Investors provision of the Sarbanes-Oxley Act of 2002, 15 U.S.C. § 7246(a). The Department of Justice (“DOJ”) contributed an additional $65 million to the Fair Fund which were proceeds recovered by the DOJ through numerous federal judicial forfeiture actions. The Enron Victim Trust is responsible for processing Fair Fund claims and making payments to eligible claimants.

On October 8, 2008, Judge Melinda Harmon of the U.S. District Court for the Southern District of Texas approved a Distribution Plan that sets forth eligibility criteria and other rules governing the distribution of the Enron Fair Fund. The deadline for filing a Proof of Claim was February 15, 2010.

Other Settlements

There is a separate Enron class action settlement being administered by Gilardi & Co., LLC, but the claims bar date was April 30, 2008. Please contact them at (800) 961-2086 with questions regarding that settlement.

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