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Indictment Coming for Enron's Jeff Skilling

The Enron investigation is about to claim another top gun--former CEO Jeff Skilling is reported to be close to Indictment.

The charges against Skilling being finalized by Enron Task Force prosecutors come on the heels of the Jan. 21 indictment of ex-Enron Chief Accounting Officer Rick Causey and the Jan. 15 guilty pleas of former company Chief Financial Officer Andrew Fastow and his wife.

Skilling testifed before Congress and did not invoke his Fifth Amendment privilege. He is expected to fight the charges all the way.

Bruce Hiler, Skilling's Washington, D.C.-based lawyer, said his client did nothing wrong and fairly relied on his subordinates and the accountants and lawyers they hired. Hiler said if Skilling is indicted, many corporate executives need to be afraid of the government.

"If a COO can't rely on the dozens of experts who review and recommend transactions, then no COO should go to work tomorrow, because they may find themselves indicted," Hiler said.

Attorneys involved in the Enron criminal cases expect that Fastow, who agreed to serve 10 years in prison for two counts of conspiracy, gave prosecutors information that will add to the case against Skilling.

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