Tuesday, December 27, 2005

Former Enron Accountant Strikes Plea Deal

HOUSTON (AP) -- Enron's former chief accounting officer, Richard Causey, has struck a plea bargain with federal prosecutors and will avoid going to trial with the fallen energy company's two top executives, according to a person familiar with the negotiations.

Causey, 45, agreed to testify against his former bosses, Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling, in exchange for a much lesser prison sentence than he would receive if convicted on all counts. The trial is scheduled to begin next month.

No comments: