In Brief: Jury Acquits Two Bankers Trust Execs

November 14, 2000, 2:00 a.m. EST 1 Min Read

Dow Jones

NEW YORK Two former executives at Bankers Trust Corp. were acquitted of all charges in relation to their alleged involvement in a scheme that diverted $15.5 million of unclaimed customer funds to boost the banks financial performance.

Kenneth Goglia and Harvey Plante were acquitted Monday morning by a unanimous jury verdict in a Manhattan federal court, a court official said. The trial began last month.

Bankers Trust, which was bought by Deutsche Bank last year for about $9 billion, has already pleaded guilty and agreed to pay a $60 million fine in connection with the fund diversions. Bruce Kingdon, most senior Bankers Trust official charged in the case, has also pleaded guilty to his role in the scheme.

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