ARTHUR ANDERSON EX-CEO FINED $ 400,000.00

     Den.Post--Recently, H. Clayton Peterson,  former Chief of the Denver office of accounting firm Arthur Anderson pled guilty to charges of relaying inside information on a pending acquisition of Mariner Energy.  He was sentenced to a 2-year probation, 3 months of home confinement, and a $400,000.00 fine  As a Director of Mariner, Peterson relayed inside information to his son, Drew, who is awaiting sentencing after pleading guilty.  He passed inside information on to hedge fund manager, Bo Brownstein, who made $2.5 million on the information.  He also pled guilty and is awaiting sentencing.  Peterson's attorney stated his client had limited assets, although records show liquid assets of $2.1 million and real estate worth  $1 million in Denver, Beaver Creek, and Phoenix.