August 29, 2003
Plea bargain coming for Enron treasurer?

Hmm, this could get interesting.

Indicted ex-Enron Treasurer Ben Glisan Jr. is negotiating a plea bargain and cooperation agreement with federal prosecutors.

Glisan, one of the highest ranking Enron officials before he was fired for his involvement in a side-deal, is charged with two dozen counts of money laundering, fraud and conspiracy. His charges are part of a 109-count indictment against Glisan, former Enron Chief Financial Officer Andrew Fastow and former Enron executive Dan Boyle.

"When Glisan flips, this could be a bloodbath," said one lawyer familiar with the Enron investigation. Glisan was installed as Enron treasurer in 2000 and was known as a protege of both Fastow and ex-CEO Jeff Skilling.

Sounds good to me, but I must temper my joy somewhat:

There is still no indication that the Enron Task Force is prepared to either accuse or clear former CEO Skilling or ex-Chairman Ken Lay, however.

Well, at least there's still hope. My fingers are crossed.

Posted by Charles Kuffner on August 29, 2003 to Enronarama | TrackBack