May 18, 2006 |
After a four-year federal investigation and a 3 1/2 -month trial, the landmark fraud and conspiracy case against former Enron Corp. leaders Kenneth L. Lay and Jeffrey K. Skilling is in the hands of a South Texas jury. The panel of eight women and four men, whose occupations include dairy farmer, dental hygienist, teacher and court clerk, began deliberations Wednesday afternoon after a final appeal from prosecutor Sean M. Berkowitz, head of the Justice Department's Enron Task Force.
May 17, 2006 |
Lawyers for Kenneth L. Lay and Jeffrey K. Skilling, in an emotional last pitch to jurors who could sentence their clients to prison for decades, accused the government Tuesday of building a sham case against the former Enron Corp. leaders because it needed scapegoats for a corporate scandal.
May 16, 2006 |
As closing arguments began Monday in the trial of former Enron Corp. chieftains Kenneth L. Lay and Jeffrey K. Skilling, a prosecutor described the defendants as arrogant and self-serving executives who acted as if they alone owned the company they had helped to build. But in fact, Assistant U.S. Atty. Kathryn H.
May 15, 2006 |
As Enron Corp. founder Kenneth L. Lay sees it, the government must have known its case against him was weak or prosecutors wouldn't have spent so much of the trial talking about things he wasn't charged with.
May 11, 2006 |
Jurors in the trial of Kenneth L. Lay and Jeffrey K. Skilling will be instructed to consider whether the two former Enron Corp. executives deliberately ignored accounting fraud as the energy trader fell into bankruptcy, the judge in the case ruled Wednesday. U.S. District Judge Sim Lake denied a motion by defense lawyers to prevent the jury from considering whether Skilling or Lay can be found guilty if either deliberately chose not to know about alleged criminal activity at Enron.
May 9, 2006 |
After more than three months and 54 witnesses, testimony ended Monday in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth L. Lay and former Chief Executive Jeffrey K. Skilling. The two defendants appeared upbeat shortly after the jury was released for the rest of the week. "We feel real good about where we are right now," Lay, 64, said outside the courthouse. "We think, in fact, in the end we're going to prevail." "It's been a long time coming," Skilling, 52, told reporters.
May 5, 2006 |
The fraud and conspiracy trial of Enron Corp. founder Kenneth L. Lay and former Chief Executive Jeffrey K. Skilling is winding down, with one more week of testimony on the horizon. The defense teams aim to rest their case Monday or Tuesday, followed by what prosecutors said would be as many as 10 rebuttal witnesses. Then jurors are to begin deliberations May 17 after hearing closing arguments. Jurors who haven't missed a day in the marathon trial that began when the panel was chosen Jan.
May 4, 2006 |
Defense lawyers for Kenneth L. Lay and Jeffrey K. Skilling questioned two accounting experts Wednesday in an effort to show that Enron Corp. never falsified its books. Prosecutors have contended that Enron, under the leadership of company founder Lay and then-Chief Executive Skilling, overvalued its assets and used improper "cookie jar" cash reserves to smooth out earnings.
May 3, 2006 |
Former Enron Corp. Chairman Kenneth L. Lay on Tuesday concluded his testimony by again asserting that the criminal case against him amounts to second-guessing by the government of decisions he made "in real time" as the energy company he founded veered toward collapse in late 2001. "I loved Enron very much and I loved Enron's employees very much," Lay said. "The most painful thing in my life was watching Enron go into bankruptcy." Lay, 64, and former Enron Chief Executive Jeffrey K.
May 2, 2006 |
The government Monday attacked former Enron Corp. Chairman Kenneth L. Lay's long-standing claim that his sale of $70 million of Enron stock in 2001 -- the year the company collapsed -- had been forced by his lenders. Federal prosecutor John C. Hueston showed that on several occasions that year, Lay chose to sell large amounts of Enron stock when he could have avoided doing so by juggling bank borrowings or selling some of the millions of dollars of other investments he owned.