Richard Causey, the former chief accounting officer at Enron reported to prison yesterday to begin serving his 5 1/2 year sentence. The 47-year-old ex-executive reported to Bastsrop Federal Correctional Institution, a low- to medium-security prison outside of Austin, Texas.

Causey pleaded guilty to a charge of securities fraud in 2005 just prior to going on trial with Kenneth Lay and Jeffrey Skilling. He would have been tried on conspiracy, fraud, and other charges related to the Enron scandal. Causey admits to making false public findings statements.

Upon completing his prison sentence, Causey will server two years of probation and pay a $25,000 fine which will be distributed to Enron victims. He has further agreed to pay $1.25 to a victims’ fund and forgo $250,000 in deferred compensation from Enron.

Tags: chief accounting officer, Enron, prison, securities fraud, conspiracy, fraud