--- title: "Ben Glisan: Enron treasury and the Raptor plea" language: en canonical: https://dossiertwist.com/dossiers/enron/participants/ben-glisan/ as_of: 2026-10-15 keywords: ["Enron","Enron Creditors Recovery Corp.","LJM","Chewco","JEDI","Raptor","Arthur Andersen","Andrew Fastow","Kenneth Lay","Jeffrey Skilling","structured finance","bankruptcy","California electricity","accounting restatement"] --- # Ben Glisan: Enron treasury and the Raptor plea - Also known as: Ben F. Glisan, Jr. **Question.** What did Glisan’s Raptor plea establish? **Answer.** Glisan succeeded McMahon as treasurer and participated in the Raptors. His September 2003 guilty plea resulted in a five-year sentence. ## Roles and the dated record - Analysis: Glisan’s case role combined treasury responsibilities, work on the Raptors and a Southampton investment. The Powers committee criticised his accounting work but qualified its Chewco assessment because he declined to be interviewed: it could not speak with certainty about his knowledge of the consolidation facts. [s-doc13] - Analysis: His guilty plea supplied a more specific account of Talon/Raptor I. Nominal outside capital of $30 million was to be returned with profit through a $41 million put-option payment before it bore the intended risk. Glisan pleaded guilty to conspiracy on 10 September 2003 and received 60 months, with forfeiture. The plea described Talon specifically; the other Raptor vehicles had distinct legal and capital arrangements. [s-doc33] [s-doc13] ## Sources - [s-doc13] Company statement source · s-doc13 - [s-doc33] FORMER ENRON TREASURER BEN GLISAN PLEADS GUILTY TO CONSPIRACY TO COMMIT WIRE AND SECURITIES FRAUD, U.S. Department of Justice