Wednesday, January 3, 2007

Causey Off to Prison

Richard Causey, former chief accounting officer of Enron, was to report to prison yesterday. (See Houston Chronicle) He received a 66 month sentence for his role in the Enron debacle, after pleading guilty to one count of securities fraud. Causey had been scheduled to be tried with Ken Lay and Jeffrey Skilling, but then entered into a plea agreement immediately prior to the start of the trial.  His sentence of 5 plus years is in sharp contrast to that given to Jeffrey Skilling, who received a 24 year sentence following the trial.

The Washington Post (Bloomberg) notes that Causey is to serve his time in a federal prison in Bastrop, Texas.  The article notes that this facility is within a few hours of his Texas home and within an even shorter distance to one of his children. Some have not been as lucky as Causey.  Take, for example,  Jamie Olis who was hopsotched across the United States, being placed in detentions centers for long periods of time, and today remains a "true prisoner" of the Bureau of Prisons (BOP) system. Others have been placed in prisons many miles from those who may be assisting them. One wonders in these situations who is really being punished - the one being sentenced, or the caregivers who often are innocent and who often are left to contend with the aftermath. Further, as noted here, the BOP has not always been in accord with federal judges in assigning individuals to prisons.

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