Wednesday, December 28, 2005

No Honor Amongst Thieves.

In answer to a familiar question, "WHEN IN BLOODY HELL ARE THEY GOING TO LOCK UP THAT CROOK KEN LAY?!?!", or something like that.

WaPo reports:
Enron Executive Agrees to Plea Deal
Prosecutors Gain Witness Against Lay and Skilling
By Carrie Johnson
Washington Post Staff Writer
Wednesday, December 28, 2005; A01

Enron Corp.'s former chief accountant agreed to plead guilty today to criminal conduct that preceded the company's collapse into bankruptcy, according to sources familiar with the negotiations, sealing a deal that gives prosecutors another key witness against former chief executives Kenneth L. Lay and Jeffrey K. Skilling on the eve of their fraud trial.

Richard A. Causey, 45, who is facing more than two dozen criminal charges, is scheduled to appear in a Houston courtroom at 3 p.m. Eastern time today, according to court records. He reported directly to Skilling for years and participated with Lay on conference calls and analyst meetings in the weeks before Enron fell apart.
Excellent. Like rats fleeing a sinking ship these lower functionaries seem to be high tailing over the bodies of the big rats. One can only hope that the current and former employees of Enron who were bilked out of jobs and pensions can gain some form of vindication from this. Let's hope that the prosecution is swift and as on the ball as they seem to be.

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