November 26, 2002
Another Enron guilty plea

A former Enron employee named Lawrence Lawyer has pleaded guilty to tax evasion charges stemming from his involvement with Michael Kopper in fradulent business deals.

Lawyer, a 34-year-old banker, admitted before Houston-based U.S. District Judge Kenneth Hoyt that he failed to report to the Internal Revenue Service $79,469 in income he received from former Enron executive Michael Kopper between 1997 and 2000.

The money was paid to Lawyer for his work on a partnership called RADR, one of several controversial side deals at Enron.

Lawyer, who will cooperate with federal officials, is the third person to plead guilty in an Enron-related case. Charges are pending against four others, including former Chief Financial Officer Andrew Fastow, who faces 78 criminal counts.

The story goes on to describe how RADR, which was basically a scheme to transfer money from one pocket to another and call it "income", operated. Let's hope this is another brick in the eventual cases against Fastow, Skilling, and Lay.

Posted by Charles Kuffner on November 26, 2002 to Enronarama | TrackBack