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Wednesday, December 28, 2005

Crooked E Plea

According to a report from the WaPo, Richard Causey, Enron's former chief accountant, is scheduled to appear in a Houston courtroom today at 3:00 to plead guilty. No specific word as to what the plea will be to or the deal struck. But this comes as an eleventh-hour deal prior to trial -- and has to hurt for Kenny Boy Lay and Jeffrey Skilling, who still faces charges at trial, which is scheduled to begin January 17th.

Most likely lawyers for Lay and Skilling will seek a trial delay as they attempt to sort out what cooperation Causey offered in exchange for the plea. This pretty much drives a stake through the heart of their "the other rogue employees did it, not us" wall of defense.