A sixteenth former Enron executive has pleaded guilty in the Justice Department's investigation into the energy giant's bankruptcy.

Christopher Calger, 39, a former Enron vice president, entered his guilty plea in early July at the U.S. District Court in Houston. The single count of conspiracy to commit wire fraud means that he will face a maximum sentence of five years in prison and a fine of $250,000. Calger has agreed to cooperate with the government and could testify in the trial of former Enron chairman Ken Lay, which is scheduled to begin in January 2006.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access