Michael Kopper, the former head of Enron’s global finance division, is expected to plead guilty to single charges of conspiracy to commit wire fraud and money laundering, according to two sources close to the investigation.
He will be the first executive at the company to admit wrongdoing in the case.
Kopper worked under former chief financial officer Andrew Fastow, and was involved in the controversial off-balance sheet partnerships used to shield much of Enron’s debt.
He will enter his plea to a federal court in Houston today. It is unknown whether the deal will keep him from serving any jail time.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements