Enron's former Chief Accounting Officer, Richard Causey, will enter a guilty plea today. The details are still sketchy, but his agreement must include a commitment to testify against Ken Lay and Jeff Skilling. While Causey represents a more appealing prosecution witness than Andy Fastow, the ultimate question is how much Lay and Skilling knew or understood about Fastow's machinations. Some have suggested that by entering a plea agreement with Causey, the government is showing that it has a weak case. In any event, it appears that Lay and Skilling will ask to push off the start of the trial to prepare for this new development, and I suspect that the judge will grant them a few weeks' respite.
UPDATE: As expected, the Causey plea is in, and the trial has been delayed until January 30. Ken Lay's attorney expressed confidence that Causey would not say anything harmful to his client or to Jeff Skilling. Good luck with that.
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1. Posted by soxfirst on December 28, 2005 @ 9:56 | Permalink
It's great for the prosecution but the timing, so close to the trial of Lay and Skilling, does raise questions about the strength of the prosecution's case, legally speaking. For more, read: http://www.soxfirst.com/50226711/enron_causey_pleads_guilty.php
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