Ben Glisan came to Enron from Arthur Andersen and held the positions of vice president, managing director and treasurer. A complaint filed by the Securities and Exchange Commission (SEC) accused Glisan of helping Enron fraudulently inflate its earnings and cash flow, concealing the true extent of its debt, and manipulating its financial results to the detriment of Enron shareholders.
Glisan was the first Enron executive to plead guilty, in 2003, and is serving a five-year term in federal prison. Although he has never agreed to cooperate with prosecutors, Glisan was granted immunity and was a witness for the prosecution in an earlier case against other Enron executives. He testified that Enron had extensive financial problems that were systematically hidden from investors and regulators.
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