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 April 24, 2015

The Court has approved a third and final distribution of the Enron Victim Trust to approved claimants with timely filed claims who cashed a check from the Second Distribution and are eligible to receive at least $10 in the Third Distribution. The Third Distribution commenced on April 24, 2015, and checks are negotiable within 90 days from the date of issuance on the check. If you require a replacement check for any reason before the stale date, please contact us immediately. Please note that any replacement check will have to be negotiated within the 90-day check cashing window of the original check, and requests for reissuance after the expiration of the stale date will not be granted.

If you receive a check from the Enron Victim Trust, please cash it immediately; as we anticipate winding up and closing the Enron Victim Trust shortly after the 90-day check cashing window.

Please contact us if you have any questions.

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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