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	Richard Causey - Wikipedia, the free encyclopedia
		Richard Alan Causey (born 9 January 1960) is one of the prominent figures in the Enron accounting scandal.
		Causey graduated from the University of Texas at Austin with a bachelor's degree in accounting and an MBA.
		Causey originally pled not guilty, but on December 28, 2005, he entered a guilty plea and agreed to testify against Kenneth Lay and Jeffrey Skilling in exchange for a 5 to 7-year prison term.
	en.wikipedia.org /wiki/Richard_Causey (285 words)

	Complaint: Jeffrey K. Skilling, Richard A. Causey
		Skilling, Causey, and others improperly planned to and did use hundreds of millions of dollars from the undisclosed reserve accounts to, among other things, ensure that budget targets were met and to conceal hundreds of millions of dollars in losses within Enron’s EES business unit from the investing public.
		Causey and Fastow had an oral side deal that LJM2 would receive its initial investment in Talon plus a profit of $11 million from Enron, all prior to Talon engaging in any of the hedging transactions for which it was created.
		Causey and Fastow further used Raptor I fraudulently to promote Enron’s financial position by back-dating the effective date of the Raptor hedge to Enron’s advantage, capturing the all-time high stock value of one of the Enron assets, stock in a company named AVICI, at a time when they knew that value already had declined.
	www.sec.gov /litigation/complaints/comp18582.htm (7278 words)

	#036: 01-22-04 FORMER ENRON CHIEF ACCOUNTING OFFICER RICHARD CAUSEY INDICTED ON SECURITIES FRAUD, CONSPIRACY CHARGES
		Causey, 43, of The Woodlands, Texas, was charged in a six-count indictment returned by a federal grand jury in Houston yesterday.
		“Richard Causey and the other corrupt executives that ran Enron into the ground used some of the most sophisticated tricks in the corporate fraud playbook to con the public into believing that Enron was a success,” said Deputy Attorney General and Chair of the President's Corporate Fraud Task Force, James B. Comey.
		Richard Causey was Enron’s chief accounting officer from 1998 until the end of 2001, when Enron collapsed.
	www.usdoj.gov /opa/pr/2004/January/04_crm_036.htm (746 words)

	Complaint: Richard A. Causey
		Richard A. Causey was a certified public accountant and was an employee or outside advisor of Enron from 1991 through early 2002.
		Causey and Fastow had an oral side deal, reached in or about the summer of 2000, that LJM2 would receive its initial investment in Talon plus a profit of $11 million from Enron, all prior to Talon engaging in any of the hedging transactions for which it was created.
		Causey and others further concealed massive losses in EES's business through fraudulently manipulating Enron's "business segment reporting." This was accomplished at the close of the first quarter of 2001 through a "reorganization" of Enron's business segments that Enron explained deceptively as solely meant to improve efficiency.
	www.sec.gov /litigation/complaints/comp18551.htm (3179 words)

	Houston's Clear Thinkers: Causey pleads to seven years (Site not responding. Last check: 2007-11-01)
		Causey has two years' worth of incentive to be a compelling Task Force witness against his co-defendants Ken Lay and Jeff Skilling because the only way that he can obtain a reduced sentence (to five years from seven) is if the Task Force, in its sole discretion, determines that Causey has been a good helper.
		Causey's admissions on exhibit A are limited in nature and are based on the generic statement that he participated with "others in Enron senior management" to defraud the investing public by misleading them about the company's true financial performance.
		Causey admitted that EES -- which he contends was an important promotional tool for Enron to investors -- had hundreds of millions of dollars of unexpected first quarter of 2001 trading losses, which far exceeded the unit's projected income for the year.
	blog.kir.com /archives/002772.asp (1524 words)

	Texas Lawyer - Richard Causey’s Plea Agreement
		Defendant’s wife, Elizabeth A. Causey, also agrees to waive her right, title, and interest in the Wachovia Securities Account 2005-0471 up to and including the forfeiture amount, and her execution of the attached Stipulation and Waiver is a condition precedent of this Agreement.
		I warrant that I and/or my husband, Richard A. Causey, are the sole owners of all of the Forfeited Assets, and agree to hold the United States, its agents and employees harmless from any claims whatsoever in connection with the seizure or forfeiture of the Forfeited Assets.
		Causey, Cr.-H-04-25 (S-2), Richard Causey has acknowledged that the criminal activities to which he is pleading guilty resulted in $1.25 million in criminal proceeds, which are located in the Wachovia account referenced above.
	www.law.com /jsp/tx/PubArticleTX.jsp?id=1135850711778 (2801 words)

	Former top Enron Corp. accountant Richard Causey pleads guilty to fraud (Site not responding. Last check: 2007-11-01)
		Causey, the government's 16th co-operating witness in exchange for a plea, had faced more than 30 counts of conspiracy, fraud, insider trading, lying to auditors and money laundering.
		Some of Causey's charges also overlap with the seven fraud and conspiracy counts pending against Lay, in which the former chairman is accused of perpetuating the ruse after Skilling's abrupt resignation in August 2001.
		Causey, 45, could be more damaging to Lay and Skilling than former Enron finance chief Andrew Fastow, who pleaded guilty to two counts of conspiracy in January 2004.
	www.cbc.ca /cp/business/051228/b122860.html (745 words)

	SignOnSanDiego.com > News > Business -- Former Enron accountant said in plea talks ahead of trial for Lay, ...
		Causey, Skilling and Lay are accused of conspiring to fool investors into believing a wobbly Enron was healthy.
		Causey was fired in February 2002 after an internal probe concluded he failed to adequately protect Enron's interests when the company entered deals with Fastow-run partnerships.
		Causey and Fastow split financial duties at Enron and were at the same management level.
	www.signonsandiego.com /news/business/20051225-1007-enron-causey.html (915 words)

	ENRON'S Richard A. Causey (Site not responding. Last check: 2007-11-01)
		Richard A. Causey is executive vice president and chief accounting officer of Enron.
		Causey was a senior manager with Arthur Anderson and Co. in Houston where he specialized in the natural gas industry.
		Causey is a member of the Accounting Advisory Council at the University of Texas where he served as the chairman in 1995-96.
	www.apfn.org /enron/causey.htm (1140 words)

	USATODAY.com - Former Enron executive pleads guilty (Site not responding. Last check: 2007-11-01)
		Causey entered the plea in Houston federal court just 20 days before he was to stand trial with former Enron chairman Kenneth Lay and former CEO Jeffrey Skilling for alleged schemes that led to the energy firm's Chapter 11 bankruptcy filing in 2001.
		Causey is to serve seven years in federal prison and forfeit $1.25 million under the plea deal.
		Causey's assistance should enable prosecutors to simplify their case to focus more on alleged false statements by Lay and Skilling and less on labyrinthine accounting, said Jacob Frenkel, a former federal prosecutor at the law firm of Shulman Rogers Gandal Pordy and Ecker.
	usatoday.com /money/industries/energy/2005-12-28-enron-causey_x.htm?... (504 words)

	The wild card in Enron scandal /NEWS ANALYSIS: Which Richard Causey will testify at trials? (Site not responding. Last check: 2007-11-01)
		That is because Causey, as chief accounting officer, attended many of the top-level meetings where decisions were made that are at the center of the criminal case.
		The crimes admitted to by Causey involve one-time deals that, while significant in their effect on Enron's finances, do not lock him into the prosecution's portrait of the company's senior management as being engaged in a nearly continuous conspiracy to defraud investors during the final years of its existence.
		And while Causey's admissions do not involve any of the charges against Lay, the former chief accounting officer was a primary participant with him in at least one meeting in October 2001 that the government contends was part of an effort to deceive Enron's accountants at Arthur Andersen.
	sfgate.com /cgi-bin/article.cgi?file=/c/a/2005/12/29/MNGPRGEIQ61.DTL (1160 words)

	U.S. Newswire : Releases : "Former Enron Chief Accounting Officer Richard Causey Pleads Guilty to Securities Fraud" (Site not responding. Last check: 2007-11-01)
		Causey, 44, a resident of The Woodlands, Texas, entered his plea at a hearing in Houston this afternoon before Judge Sim Lake of U.S. District Court in the Southern District of Texas.
		Trial for Causey's co-defendants, former Enron chief executive officers Kenneth Lay and Jeffrey Skilling, is scheduled to begin before Judge Lake on Jan. 30, 2006.
		Causey also admitted to participating with others in senior management in efforts to use Enron's public filings and public statements to mislead the investing public by making false and misleading statements and omitting facts about the true nature of Enron's financial performance.
	releases.usnewswire.com /GetRelease.asp?id=58704 (277 words)

	ABC News: Ex-Enron Exec in Negotiations for a Plea (Site not responding. Last check: 2007-11-01)
		Prosecutors and attorneys for former Enron Corp. chief accounting officer Richard Causey are trying to forge a plea bargain that, if reached, would leave company founder Kenneth Lay and former CEO Jeffrey Skilling to go to trial next month as a duo rather than two-thirds of a trio.
		HOUSTON Dec 26, 2005 (AP)— Prosecutors and attorneys for Enron Corp.'s former chief accounting officer, Richard Causey, are in negotiations on a plea bargain on the eve of trial for founder Kenneth Lay and former CEO Jeffrey Skilling, according to people familiar with the discussions.
		"Causey's defection essentially on the eve of trial would be a huge blow to Skilling and Lay," Robert Mintz, a former federal prosecutor, said Sunday.
	abcnews.go.com /Business/wireStory?id=1442514&CMP=OTC-RSSFeeds0312> (425 words)

	Nightly Business Report . Ex-Enron CFO, Richard Causey Witness For The Prosecution? \| PBS
		Richard Causey, Enron`s former chief accounting officer, pleaded guilty in the company`s accounting meltdown, agreed to help the government and experts say Causey`s plea could provide crucial testimony against former Enron CEO Jeffrey Skilling and former Chairman Kenneth Lay.
		Skilling, Lay and Causey were scheduled to go to trial together in mid-January and defense lawyers had hoped to keep the former accountant on their side.
		Causey worked closely with Lay and Skilling and former Federal prosecutor Marc Powers says Causey could help the jury understand what his former bosses were thinking.
	www.pbs.org /nbr/site/onair/transcripts/060119a (630 words)

	Enron ex-accounting chief Causey pleads guilty - Dec. 29, 2005
		NEW YORK (CNNMoney.com) - Former Enron accounting chief Richard Causey's guilty plea to securities fraud Wednesday for his role in the financial scandal that drove the energy company into bankruptcy in 2001 is being hailed as a big win for the government in their case against former top executives at Enron.
		Causey is expected to cooperate with prosecutors seeking convictions of his former bosses, Enron founder Ken Lay and ex-CEO Jeff Skilling, who face charges of fraud and conspiracy from the scandal that rocked corporate America in 2001.
		Causey, who had been facing multiple counts of conspiracy and fraud charges, entered his plea before a federal judge overseeing the case in Houston.
	money.cnn.com /2005/12/28/news/newsmakers/causey_plea/index.htm?cnn=yes (1355 words)

	Index
		Causey had been facing more than 20 years in jail but under the terms of the plea deal he will serve no more than seven.
		Rick Causey was fairly typical of the accountants who went to work at Enron in that he came to Enron from Arthur Andersen, which was Enron’s longtime accounting firm.
		Causey was among the first to go to Skilling and say, you know, ‘We’re not making enough real cash to keep the company going.’ And Skilling's response to Causey at that time was ‘Don't worry.
	www.democracynow.org /print.pl?sid=05/12/29/151216 (2570 words)

	Houston's Clear Thinkers: Causey plea deal expected today (Site not responding. Last check: 2007-11-01)
		The plea deal hedges Causey's risk of an effective life sentence if he were to stand trial and be found guilty on 36 criminal counts in the Task Force's legacy case against Causey and his co-defendants, former Enron chairman Ken Lay and former CEO Jeff Skilling.
		As a result, Causey's defense team has been forced to ride the coattails of both Skilling and Lay's defense teams in preparing for trial, which meant that, from a practical standpoint, the particular problems involved in defending Causey were not likely to be at the forefront of the defense effort.
		They say Causey is devoted to his three children, the youngest of whom is in eighth grade, and is a devout Catholic who helped raise funds for a new church in the Woodlands, an upscale suburb of Houston.
	blog.kir.com /archives/002769.asp (1156 words)

	SignOnSanDiego.com > News > Business -- Former top Enron accountant to plead guilty
		Causey was scheduled to appear before U.S. District Judge Sim Lake on Wednesday afternoon in a change-of-plea hearing.
		He said Causey's decision to become the government's 16th cooperating witness in exchange for a guilty plea allows it to streamline what had been expected to be a four- to six-month trial set to begin with jury selection on Jan. 17.
		Causey faces more than 30 counts of conspiracy, fraud, insider trading, lying to auditors and money laundering.
	www.signonsandiego.com /news/business/20051228-1025-enron-causey.html (551 words)

	IT Compliance Institute - Enron’s Richard Causey pleads guilty to securities fraud
		Causey’s deal was made before U.S. District Judge Sim Lake less than three weeks before his trial was scheduled to commence.
		Causey has information on the joint defense strategy and has already suggested Skilling agreed to moves blocking the report of a $500 million corporate loss.
		Causey left a post as senior manager with Enron auditors Arthur Andersen in 1991 to join the energy giant itself.
	www.itcinstitute.com /display.aspx?id=1110 (451 words)

	S.EC. v. Richard Causey: Jan. 22, 2004 Complaint
		Causey and others sought and obtained the approval of the Board to conduct such transactions, which transactions were designed to manipulate Enron's reported financial results.
		In numerous instances, these transactions were accomplished through another undisclosed side agreement between Causey and Fastow that LJM would be guaranteed against loss in certain of its transactions with Enron, and that other losses to LJM would be made up through other transactions with Enron.
		Enron, with the approval of Causey and others, hid those problems from the investing public by moving large portions of EES's business Ð where Causey and others knew at the time of the change hundreds of millions of dollars in losses would have to be recorded Ð into Enron's Enron North America ("ENA") business segment.
	news.findlaw.com /hdocs/docs/enron/seccausey12204cmp.html (3275 words)

	Causey pleads guilty, leaving just Skilling, Lay
		Causey's attorney said he was also working on a settlement agreement with the Securities and Exchange Commission.
		Causey was scheduled to go to trial Jan. 17 along with former Chairman Ken Lay and former CEO Jeff Skilling.
		Causey, 45, was responsible for the company's public accounting statements, reported directly to Skilling for years and took part in conference calls with Lay in fall 2001 as Enron fell from being one of the world's largest companies to one of the country's largest bankruptcies.
	www.chron.com /disp/story.mpl/business/3551214.html (1053 words)

	Enron's Causey pleads not guilty to charges - Jan. 22, 2004
		Causey entered his plea before Judge Frances Stacy in federal court in Houston, a court clerk told CNN.
		Causey's surrender comes after former Enron Chief Financial Officer Andrew Fastow and his wife -- a former assistant treasurer with the company -- pleaded guilty last week to three counts between them as part of deals reached with federal prosecutors.
		The case against Causey is another piece in the puzzle as federal prosecutors try to build their case against Enron's former CEO Jeffrey Skilling and former Chairman Kenneth Lay.
	money.cnn.com /2004/01/22/news/companies/enron_causey/index.htm (402 words)

	Enron on Trial: Causey and Effect
		Causey's cooperation with prosecutors could have a major impact on the cases against his former bosses, Kenneth Lay and Jeffrey Skilling.
		Causey also stood with Lay when he stepped back in and took over as CEO, painting a rosy picture of Enron's financial health during analyst conference calls, even when the company was disintegrating.
		Causey's defection would certainly seem a win for the government -- except, perhaps, for the pain that was in his face when he left the courtroom.
	www.businessweek.com /bwdaily/dnflash/dec2005/nf20051229_9765_db016.htm (938 words)

	Encyclopedia :: encyclopedia : Enron (Site not responding. Last check: 2007-11-01)
		March 8 Enron lawyer Jordan Mintz sends a memorandum questioning the LJM partnerships to Enron chief risk officer Richard Buy and chief accounting officer Richard Causey.
		March 26 To cover problems in the Raptor partnerships, Enron repurchases Chewco's investment in JEDI for $35 million, netting Enron executive Michael Kopper over $10 million.
		January 22 Richard Causey was indicted on federal wire fraud and conspiracy charges for his activities at Enron between 1998 and 2002 in Houston, Texas.
	www.hallencyclopedia.com /Enron (2477 words)

	Ex-Enron Accountant Switches Sides, Richard Causey Expected To Plead Guilty, Bolster Government's Case - CBS News
		Richard Causey Expected To Plead Guilty, Bolster Government's Case
		Less than three weeks before he was to face a jury alongside Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling on charges including conspiracy and fraud, the company's former top accountant, Richard Causey, is switching sides.
		Causey agreed to testify against his former bosses in exchange for a leaner prison sentence than he would have received if convicted on all counts.
	www.cbsnews.com /stories/2005/12/28/business/printable1168549.shtml (560 words)

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