Former Enron exec expected to reach plea agreement

A former assistant treasurer with Enron Corp. is expected to reach a plea deal Tuesday with the government on conspiracy charges. Timoth Despain was expected to plead not guilty before a US magistrate judge this morning before pleading guilty before a US district judge later in the day. Although facing up to five years in prison, Despain will be granted immunity from further charges stemming from criminal activity with Enron or Halliburton, where he worked after leaving Enron.

Despain is charged with lying to creditors about transactions to bolster the company's credit rating. The Houston Chronicle has background on the Enron case. JURIST's Paper Chase has ongoing coverage of the Enron case.The Chronicle has more.

 

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