Enron's Causey sentenced to 5 1/2 years
HOUSTON - Richard Causey, the last of the top Enron Corp. executives to learn his punishment, was sentenced Wednesday to five-and-a-half years in prison for his role in one of the biggest corporate scandals in U.S. history.
Causey, the company's former chief accounting officer, pleaded guilty in December to securities fraud two weeks before he was to be tried along with Enron founder Kenneth Lay and former Chief Executive Jeffrey Skilling on conspiracy, fraud and other charges related to the company's collapse.
Causey, 46, had agreed to serve seven years in prison. Prosecutors indicated they could have recommended it be reduced to five if they were pleased with his cooperation.
The maximum penalty for securities fraud is 10 years in prison and a fine of $1 million or twice the amount illegally gained. More on the story.
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