Posted on 12/25/2005 10:30:26 PM PST by indcons
Prosecutors and attorneys for Richard Causey, Enron Corp.'s former chief accounting officer, are in negotiations on a plea bargain on the eve of trial for founder Kenneth Lay and former CEO Jeffrey Skilling, according to people familiar with the discussions.
Enron crashed in December 2001 upon revelations of hidden debt and inflated profits, leaving thousands out of work and roiling Wall Street with billions in investor losses.
(Excerpt) Read more at journalnow.com ...
If his testimony, in return for a reduced (but still harsh) sentence, leads to convicting the others...so much the better.
I worked in corporate finance and accounting for a big firm, and find it impossible for the Chairman (Lay) and the CFO to not know EXACTLY what was going on.
Enron was built with financing deals. Lay didn't get to the top, without understanding the details. Nor the CFO.
....anyone who believes he did is nuts!
Yeah. Fry 'em all.
This was a con game from the git-go.
The investors who went for this are stupid too. How can a power company sell all its money making assets and make more money than before?
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