“Did you knowingly deceive the investing public?” Lake asked Causey, who replied, “Yes, your honor.” When asked if he knew that giving false public documents and statements was illegal, Causey said, “Yes.” He appeared relaxed during the hearing and before it began winked and smiled at his wife, who wept after it was all over.
Causey, had been scheduled to go on trial next month with former Enron chief executives Ken Lay and Jeff Skilling, facing the possibility of more than 20 years behind bars. He is now predicated to cooperate with federal prosecutors against his former bosses. Whether Causey will testify in the trial of Lay and Skilling is uncertain, but his deal with prosecutors calls for them to request a seven-prison sentence that could be reduced to five years if he cooperates fully.
Causey was a key figure in the huge financial scandal that drove Enron to bankruptcy in December ‘01 amid revelations the company had used off-the-books partnership deals to hide billions of dollars in losses and inflate profits.
Causey’s plea makes it 16 former Enron executives who have now pleaded guilty to crimes related to the scandal that opened a window on corporate accounting misdeeds and tainted the Bush administration because Lay had been a close ally of the Bush family for years and one of its biggest political donors.
Causey, had been scheduled to go on trial next month with former Enron chief executives Ken Lay and Jeff Skilling, facing the possibility of more than 20 years behind bars. He is now predicated to cooperate with federal prosecutors against his former bosses. Whether Causey will testify in the trial of Lay and Skilling is uncertain, but his deal with prosecutors calls for them to request a seven-prison sentence that could be reduced to five years if he cooperates fully.
Causey was a key figure in the huge financial scandal that drove Enron to bankruptcy in December ‘01 amid revelations the company had used off-the-books partnership deals to hide billions of dollars in losses and inflate profits.
Causey’s plea makes it 16 former Enron executives who have now pleaded guilty to crimes related to the scandal that opened a window on corporate accounting misdeeds and tainted the Bush administration because Lay had been a close ally of the Bush family for years and one of its biggest political donors.
Wanna find out more?
The rampART social centre will shortly be screening the film 'Enron: The Smartest Guys in the Room'...
" Exploring the darker side of human behavior is compelling and entertaining, leaving in its wake an acute sense of moral outrage."
-- Jeanne Aufmuth, PALO ALTO WEEKLY
"A surprisingly entertaining look at the sucking black hole of corporate morality in America."
-- Liz Braun, JAM! MOVIES
"An engrossing parable about power, greed, arrogance, and ethical malfeasance on a grand scale."
-- Frederic and Mary Ann Brussat, SPIRITUALITY AND HEALTH
"A primer on corporate malfeasance for dummies, clarifying the statistical thicket through illustration and mindful of Deep Throat's advice during Watergate to always follow the money."
-- Duane Dudek, MILWAUKEE JOURNAL SENTINEL
"This documentary is the most skillful, exhaustive and appealing film so far this century about corporate corruption."
-- Phoebe Flowers, SOUTH FLORIDA SUN-SENTINEL
"A thorough, insightful, easy-to-grasp and subtly enraging documentary on the subject."
-- William Arnold, SEATTLE POST-INTELLIGENCER
"Alex Gibney's documentary is a concise examination of the Enron affair that's poised between straight journalism and outright satire. When it's over you will be so mad you can't see straight."
-- Robert W. Butler, KANSAS CITY STAR
"condenses years of information into one neat, well-told package"
-- Robin Clifford, REELING REVIEWS
"so important it should be grouped together with movies like Fahrenheit 9/11 and Control Room."
-- Pete Croatto, FILMCRITIC.COM
"If you're already cynical about the ability of grassroots democracy to survive in our era of turbo-capitalism, this film will only fuel your doubts."
-- Thomas Delapa, BOULDER WEEKLY
"My audience grumbled, hissed, clapped, and booed. ...it defies you not to become emotionally involved; by the end you feel as drained as an Enron janitor's 401(k)."
-- Karina Montgomery, CINERINA
"Should be essential viewing."
-- John Anderson, NEWSDAY
"The picture it paints is scarier than anything offered by any of Hollywood's recycled gore-fests."
-- James Berardinelli, REELVIEWS
"A thoroughly fascinating -- and horrifying -- documentary about the giant corporate house of cards that came crashing down on the heads of all the little people while the big guys cashed out for mega-millions, smirking all the way."
-- Jami Bernard, NEW YORK DAILY NEWS
"You might expect this film to be mildly informative; coming out you'll feel you've seen the horror movie of the year."
-- Colin Covert, MINNEAPOLIS STAR TRIBUNE
"There will be lots of seething at the sight of it all, but there are enough good laughs to make the experience more than worthwhile."
-- Jonathan Curiel, SAN FRANCISCO CHRONICLE
"Working in a slick, high-gloss style, director Alex Gibney presents the lurid Enron essentials in a film that will have you shaking your head in disbelief and dismay."
-- Robert Denerstein, DENVER ROCKY MOUNTAIN NEWS
"No matter what your politics, Enron: The Smartest Guys in the Room will make you mad."
-- Roger Ebert, CHICAGO SUN-TIMES
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