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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (2968)	3/28/2004 6:30:58 AM
From: Labrador	Read Replies (1) \| Respond to of 3602

>>Re: I personally think that the Olis sentence is too severe. Compared to what?<< Compared to recent comparable crimes by perceived comparable people in this country. 24 years is too severe compared to Fastow as one of many examples. Olis was a person who made under $200K a year and did not make $millions through stock options, etc. He was a lower level employee. Is it not obvious that others above him reviewed and signed off on the transaction? Those higher level employees have yet to be charged 9 months after Olis's trial. Maybe the charges will be brought, but those execs will likely plead for a sentence well under what Olis got. Olis did not "reap the benefits" of his crime relative to what others reapers have taken. These are tax dept people hardly responsible for GAAP accounting on sales vs. financing and what goes in the statement of cash flows. By the way, in this Dynegy mess, there's another character Sharkey. She was a low-level employee who pleaded guilty and is expected to be sentenced this summer. She had no clout in the company, and she's around 30 years old. She reaped no benefits, but presumably was pleasing her superiors. I anticipicate that the gov't here went after lower level personnel with a hammer to get them to turn on higher-level folks, which has not yet happened. It may be coming.