Results tagged “benglisanjr”

The prosecution began presening its closing arguments in the Ken Lay/Jeff Skilling trial yesterday, saying the former Enron executives were "masters of the cover story" who lied repeatedly to shareholders and the public. Prosecutor Katheryn Ruemmler told jurors that Lay and Skilling relied on "accounting tricks, fiction, hocus-pocus, trickery, misleading statements, half-truths, omissions and outright lies" to cheat and steal from Enron's shareholders, the true owners of the company: more ›

Nine weeks in, and here we are in what may be the last days of the prosecution's case in the trial of ex-Enron execs Ken Lay and Jeff Skilling. Hang in there: It's almost time for everyone to go to the lobby to get popcorn and a Coke. But first, just a bit more testimony to go. more ›

Defense lawyers chipped away at former Enron Treasurer Ben Glisan Jr.'s testimony in the Ken Lay/Jeff Skilling trial yesterday, accusing him of exaggerating his stories so that he could have an easier time in prison. Glisan is serving a five-year sentence for securities fraud and wire fraud; he started in a low-security prison in Bastrop but was transferred to an unfenced prison camp near Beaumont after he cooperated with government prosecutors in an earlier Enron-related case. more ›

Former Enron Treasurer Ben Glisan Jr. continued his testimony in the Ken Lay/Jeff Skilling trial yesterday, telling jurors about more cases in which the ex-Enron chairman and CEO misled investors and analysts about the company's faltering health in the months leading up to its collapse. Glisan's testimony could do a lot to undermine Lay and Skilling's defense, which is built on the notion that the company imploded because of a "run on the bank" after news came out of former CFO Andy Fastow's crooked ways. more ›

Former Enron treasurer Ben Glisan Jr. took the stand in the Ken Lay/Jeff Skilling trial Tuesday, telling jurors that he helped make Enron look like it wasn't having serious financial problems — and that his former bosses not only knew about the trouble, but lied to the public about it. more ›

As prosecutors head into the home stretch of their portion of the Ken Lay/Jeff Skilling trial, they're counting on at least one star witness: Ben Glisan Jr., former Enron treasurer. Glisan worked closely with ex-Enron CFO Andy Fastow to form the side deals that both men have said were used to hide Enron's debt and artifically inflate earnings. Though jurors have already heard a good deal of testimony about that, prosecutors hope Glisan will be... more ›