Enron plea bargain in works

Skilling may at the very least be subject to perjury charges for his arrogant and false testimony before Congress.

Fastow is otherwise the ring leader, and there is no need to plead him out for anything other than the bigger fish. Tick tock, Jeff and Ken. Clock's ticking on your free ride.

He was indicted on 78 counts of wire fraud, money laundering and conspiracy in October 2002 by a federal grand jury in Houston. A superseding indictment returned last May increased the number of charges against him to 109 counts.

I mean, I can understand ONE count ("Your Honor, I didn't know what I did or was doing!" :cry:), or a couple but 78 to 109 counts?

I certainly hope that if he gets a plea bargain, it's so the prosecution can use it (his testimony) to nail Lay/Bush!!!

Otherwise, how do I explain this to my 6-year old son??? :cry:Little Michael, every night at bedtime: "Why, oh why, do we have a President like George W. Bush?"

fish

(snip)

Andrew Fastow, 42, is charged with 98 counts of fraud, money laundering, insider trading and other charges for allegedly masterminding a web of schemes that hid Enron's debt, inflated profits and allowed him to skim millions of dollars for himself, his family and selected friends and colleagues. He is free on $5 million bond pending trial scheduled for April.

(snip)

Negotiated pleas often involve agreements to testify against others, and federal prosecutors are under pressure to develop cases against Enron's former top executives, Kenneth Lay and Jeffrey Skilling. However, there was no immediate indication whether any such arrangement was part of a deal with the Fastows.

(snip)

Unlike Andrew Fastow's top lieutenant, Michael Kopper, who negotiated his own plea in 2002 and promised to testify against his former boss and others as needed, Glisan had no such deal to cooperate, authorities said. He went to prison immediately after pleading guilty.

The Fastows are among 26 people charged so far in the Justice Department's investigation. Seven, including Kopper and Glisan, have pleaded guilty.

http://www.nytimes.com/aponline/business/AP-Enron-Fastow.html?hp

That's it. They take whatever plea deal is offered. Why?

Because financial crimes are usually arbitrated. That means the thief and his victim, the fox and the hen, have their dispute decided by another fox.

If the crime goes to a criminal trial, the fox will be judged by a jury of poultry.

Trust me, you never want to mess with a mad hen.

On my jury, 12 little piggies (oh look, I'm mixing metaphors)took the plea and immediately devoted their lives to testifying before grand juries all over the place (there would be little articles in the Times that so and so was arrested the other day for such and such and I knew it was piggie spawn but the dots were never connected in the papers). The 13th little piggie (really, nothing was too small or too big to steal) opted for the poultry. He was convicted on 25 counts, all richly deserved, but I can never tell you how or why or who. We were still sitting when the verdict came in. Our jury was empaneled for three years because every time we picked up a rock or a witness, something really ugly crawled out.

This was several years before Enron. The rot was in so deep and wide it would take your breath away.

if you think anyone named Ken Lay is going to open court. He knows way too much about Georgie Boy.