WP/AP: Enron's Causey Sentenced to 5 1/2 Years

[DeepModem Mom]

Enron's Causey Sentenced to 5 1/2 Years
By JUAN A. LOZANO
The Associated Press
Wednesday, November 15, 2006

HOUSTON -- Richard Causey, the last of the top Enron Corp. executives to learn his punishment, was sentenced Wednesday to five-and-a-half years in prison for his role in one of the biggest corporate scandals in U.S. history.

Causey, the 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 related to the company's collapse.

Causey, 46, had agreed to serve seven years in prison. Prosecutors indicated they could have recommended it be reduced to five if they were pleased with his cooperation.

The maximum penalty for securities fraud is 10 years in prison and a fine of $1 million or twice the amount illegally gained.

Causey also agreed to fork over $1.25 million to the government and forfeited a claim to about $250,000 in deferred compensation as part of his plea deal. Unlike others at Enron, Causey didn't skim millions of dollars for himself from shady deals....

http://www.washingtonpost.com/wp-dyn/content/article/2006/11/15/AR2006111501076.html

[williesgirl]

1. Wishing him a miserable time there - his victims will be suffering longer than he. recommended

[DoYouEverWonder]

2. Cool, two crooks down in one day

Only a couple of 1000 more to go.

[0007]

3. Buried but still rich!!

That's the crook I worked for and he's still alive.