The Enron legal case continues to unwind. A federal judge in Texas just allowed former Enron executive Christopher Calger to withdrawn his guilty plea to wire fraud charges. Calgar had been accused of fraud in connection with a 1999-2000 asset sale that prosecutors claimed violated a “theft of honest services” statute—a theory that’s been in question ever since the Fifth Circuit started vacating sentences in both the Merrill Lynch and broadband cases.
U.S. District Judge Lee Rosenthal approved ex-Enron executive Christopher Calger's request to withdraw his 2005 guilty plea to wire fraud in connection with an asset sale in 1999 and 2000.
Calger was the last of a string of former Enron executives to plead guilty to crimes. Former Arthur Andersen auditor David Duncan who handled Enron's books, withdrew his guilty plea to obstruction of justice in 2005.
But not to worry. Prosecutors apparently have a never ending supply of possible Enron defendants to chase after.
Withdrawal of guilty plea allowed [Houston Chronicle via The Conglomerate]