Enron Corp.'s former chief accountant, Richard Causey, on Wednesday pleaded guilty to securities fraud in exchange for a possible seven-year jail sentence for his role in the 2001 collapse of the power-trading giant.
Causey had been scheduled to face trial next month with former Enron chief executives Ken Lay and Jeff Skilling, but now is likely to cooperate with federal prosecutors against his former bosses as part of his plea bargain. |