Results tagged “richardcausey”

Another former Enron executive learned his fate — at least his short-term fate — in court yesterday: Richard Causey, the company's ex-head accountant, was sentenced to five and a half years in prison for his role in helping maintain Enron's accounting fraud. The sentence is 18 months less than the seven-year maximum Causey agreed to serve last year when he pleaded guilty to securities fraud, but it's far less than he could have ended up with had he gone to trial and been found guilty.

Ex-Enron CEO Jeff Skilling kept denying accusations against him during testimony in his trial yesterday, saying he would have called the FBI if he had ever become aware of any criminal activity at Enron. Maybe. "I was aware of no illegal activity occurring at Enron Corp.," Skilling said. "I would have called the FBI. I might have a little hesitation now about doing that," he said. "You're a little angry at the government aren't you?"...

Nine weeks in, and here we are in what may be the last days of the prosecution's case in the trial of ex-Enron execs Ken Lay and Jeff Skilling. Hang in there: It's almost time for everyone to go to the lobby to get popcorn and a Coke. But first, just a bit more testimony to go.

Everyone expected former Enron CFO Andrew Fastow to deliver some dirt on the company during his first day of testimony in the Ken Lay/Jeff Skilling trial — and he did just that, describing a culture of greed and corruption that he says led Enron to pull all kinds of shady financial deals. Fastow said he thought of himself as a "hero" and indicated he thought his LJM side deals were keeping the company afloat, and...

Though ex-Enron Broadband Services head Ken Rice stuck by his story of misleading company directors, employees and analysts with regard to EBS' failing corporate health Thursday, he said he doesn't remember confronting former Enron CEO Jeff Skilling about the deception. Much of Rice's third day on the stand in the trial of Ken Lay and Skilling was spent under cross-examination by Mark Holscher, one of Skilling's lawyers, who tried to undermine some of Rice's accusations about deceptive earnings reports:

U.S. District Judge Sim Lake has refused to move the trial of former Enron execs Ken Lay and Jeff Skilling, the AP reports.

Richard Causey, Enron's former chief accounting officer, pleaded guilty to securities fraud Wednesday, paving the way for Causey to (to borrow a phrase from our friends in the cartage industry) sing like a bird regarding the activities of ex-Enron Chairman Ken Lay and CEO Jeff Skilling. The former chief accounting officer lacked the status and salaries of his two co-defendants, but the plea deal will likely make him valuable to the government's case. Like former...