Enron defendant Rick Causey pleaded guilty today as expected. His deal is:

• plead to one ten year securities fraud count
• forfeit $1.25 million
• get a 7 year sentence, which can be reduced to 5 if he cooperates and testifies against Lay and Skilling. His cooperation is not mandatory.

The government says it is not sure it will call Causey as a witness. My translation: they aren't buying a pig in a poke. If Causey can't or won't deliver the goods against Lay and Skilling, they won't call him. They aren't going to give him a chance to provide testimony that is favorable to Lay and Skilling. If they don't call Causey, he'll do the seven years. There's no federal parole, you do 85% of your time. Here's TalkLeft's most recent background on the plea deal.

Update: Here is the statement of Causey filed in Court as to what he did wrong and detailing how he defrauded Enron's investors. He doesn't mention any other Enron chiefs by name, but he refers to them in the plural as "senior Enron management." In another instance, he refers to these management chiefs as "those with whom I conspired." It sounds like he is referring to others besides Andrew Fastow.

I've also read the actual plea agreement, which provides he cannot ask for a lesser sentence of 7 years (or 5 if he cooperates); he cannot ask for a lesser forfeiture; he cannot make any money from books or giving speeches about Enron; his restitution and fine will be taken care of by the $1.25 million forfeiture; he waives his right to appeal and to collaterally attack his sentence; the plea agreement does not bind local and state authorities or civil branches of the Government; and he gives up his right to obtain deferred compensation from Enron.