5.5 More Years for Enron Fraud Team
Richard Causey, Enron's former Chief Accounting Officer, officially joins the flock of Enron jailbirds.
Causey, the energy trading company's former chief accounting officer, pleaded guilty in December to securities fraud two weeks before he was to be tried along with Enron founder Kenneth Lay and former chief executive Jeffrey Skilling on conspiracy, fraud and other charges.
"There were improper things done at Enron. Some of those things were done by me. For that, I'm sorry," Causey said before U.S. District Judge Sim Lake sentenced him. "As God is my witness, I never did anything intentionally to enrich myself or hurt the company or its employees."
Causey had already agreed to pay $1.25 million to the victims' funds...
The prison time tally to date:
- Jeffrey Skilling, CEO: 24 years, 4 months
- Andrew Fastow, CFO: 6-10 years
- Richard Causey, CAO: 5 years, 6 months
- Lea Fastow, Assistant Treasurer: 5 months
Died awaiting sentencing:
- Kenneth Lay, Founder, Chairman, CEO: Conviction vacated posthumously (sentence could've totaled 45 years)
To be sentenced this Friday:
- Mark Koenig, Director of Investor Relations
- Michael Kopper, Managing Director
Handcrafted by Flip on November 15, 2006 |
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