Enron Big-Wig to Cooperate In Lay, Skilling Case

Law360, New York (December 30, 2005, 12:00 AM EST) -- Former Enron colleagues are likely to meet again in court after chief accounting officer Richard Causey pled guilty to fraud and agreed to cooperate in the cases against CEO Kenneth Lay and President Jeffrey Skilling.

As part of the deal, Causey faces up to seven years in prison and a possible $1.25 million disgorgement. If prosecutors are pleased with the extent to which Causey cooperates, they have the option of reducing his sentence to five years.

Causey was originally indicted on 30 counts of conspiracy, fraud,...
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