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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
# Friday, November 17, 2006
Richard Causey, the last executive implicated in the downfall of Enron, was sentenced today to five and a half years in prison for his involvement in the scandal. The Chief Accountant who signed off on manipulated accounting documents plead guilty in December 2005 to securities fraud and agreed to repay $1.25 million in damages and forfeit over $250,000 in deferred compensation. The judge showed no mercy at trial as he sentenced Causey to just a half year below the maximum and imposed additional financial penalties to the judgement, although prosecutors opted not to go after his $950,000 home in a Houston suburb. Meanwhile, CEO Jeff Skilling was order to report to prison in Minnesota on December 12th to begin his 24 year sentence, although he plans an appeal.
Friday, November 17, 2006 6:51:42 AM UTC  #    Comments [0]  |  Trackback
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