Causey named chief accounting officer. Fastow creates the first of two partnerships, LJM, purported to "buy" poorly performing Enron assets and hedge risky investments but really helps the company hide debt and inflate profits. Enron directors approve Fastow's plan that he run the partnerships that do deals with Enron while continuing as Enron's finance chief. Causey and former chief risk officer Rick Buy assigned to monitor such deals to protect Enron's interests.