January 03, 2007

Enron Desperado

by PG

Is there a reason that the press refers to future prison inmates as "surrendering" to a prison?

Former top Enron accountant Richard Causey has joined the ranks of ex-executives in prison. Causey, 46, was to surrender to a men's federal prison in Bastrop, about 30 miles southeast of Austin, by Tuesday afternoon to begin serving a 5 1/2 -year term for securities fraud. Early today, the Federal Bureau of Prisons' Web site was updated to reflect that he was an inmate at the facility.
His surrender came less than a month after his one-time boss, former Enron CEO Jeff Skilling, surrendered to a federal prison about 75 miles south of Minneapolis on Dec. 13 to begin serving a 24-year, four-month sentence. Skilling was convicted in May of 19 counts of fraud, conspiracy, insider trading and lying to auditors after a four-month trial. ... Two more ex-Enron executives are awaiting orders from a judge to surrender to prison:
Michael Kopper, Fastow's former top lieutenant, who pleaded guilty in 2002 to two counts of conspiracy. He was sentenced in November to three years and a month.
Mark Koenig, former investor relations chief, who pleaded guilty in 2004 to aiding and abetting securities fraud. He was sentenced in November to 18 months.
Was there any question as to whether Causey and Skilling were going to show up to serve their sentences (in the latter's case, while awaiting appeal)?

January 3, 2007 04:16 PM | TrackBack
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