Results tagged “chairmankenlay”

Linda Lay, the widow of former Enron Chairman Ken Lay, has filed against the forfeiture of nearly $13 million in property and cash that the government says is tied to criminal activity. The court action was filed after the criminal charges against Ken Lay were dropped after his death last year. The authorities have said that the property is the "proceeds of the fraud proven in the criminal case against Lay." Lay's widow has asked...

Good morning, Houston. It's been a long week, but fortunately, there's not much of it left. So to get things moving on toward Friday — and because we're still smarting over not knowing Texas had two Clear Lakes — we're jumping right into the news this morning. Go! >> Enron lawyers in hot water?: Two former Enron lawyers have been charged with civil violations of securities laws for — hang on to your hat...

Five months after former Enron CEO Jeff Skilling was found guilty of 19 counts of fraud, conspiracy and insider trading, Skilling will learn his fate at 1 p.m. today in the federal courthouse at 515 Rusk Ave. And the hearing is open to the public — so hey, if you're having a slow afternoon, why not swing by?

A man was arrested today after a six-hour standoff at a southwest Houston convenience store The average price of a gallon of gas in Houston dropped to $2.02 this week, marking the 11th straight week of price drops Ronald Williams, a 19-year-old cadet at A&M, claims he's been the victim of racial harassment from fellow cadets Sen. Dianne Feinstein of California called on the Justice Department to appeal the decision to overturn ex-Enron Chairman Ken...

So former Enron Chairman Ken Lay's criminal record is now clean, thanks to a ruling yesterday from U.S. District Judge Sim Lake that erased Lay's convictions on 10 counts of fraud and conspiracy in connection with Enron's collapse. Too bad Lay's not around to enjoy the freedom. In his ruling, Lake agreed with lawyers for Lay's estate who argued that the conviction should be erased and indictments against Lay dropped because of his death from...

This summer, about two months after former Enron CEO Jeff Skilling was convicted of fraud, conspiracy, insider trading and lying to auditors in connection with the Enron collapse, U.S. District Judge Sim Lake denied Skilling's request to have his conviction overturned. But never say Skilling is a quitter: Now, he's again asking Lake to overturn his conviction, this time based on a federal appeals court ruling. The ruling in question had to do with some...

Former Enron CFO Andy Fastow is scheduled to be sentenced this morning, and he might have some unwanted company at his hearing: U.S. District Judge Kenneth Hoyt has invited former Enron employees to attend and talk about how Enron's collapse affected their lives. Wonder if he'll learn any new words?

Turns out Jeff Skilling has a plan to save his skin after all: The former Enron CEO has asked a judge to overturn his guilty verdict. Sneaky devil! We never would have thought of that.

If you didn't see Jeff Skilling's interview with The Wall Street Journal on Saturday, here's what you missed: He thought about killing himself, became resolved to live when federal prosecutors went after him, thinks he helped convict himself and maintains he's not guilty. "I've come to the conclusion that life is better than the alternative, which was not a conclusion that was real clear to me for a period of time," Skilling told the Journal....

Things aren't that easy these days for ex-Enron CEO Jeff Skilling: Not only has he been convicted of helping bring down a huge energy company, but now he can't get at some $60 million of his money. Skilling's lawyers are trying to change that, though, by asking the government to release the $60 mil — partly so he can have some spending money, but mostly because Skilling still owes his legal team millions of dollars.

The Katy YMCA branch named for former Enron Chairman Ken Lay has changed its name after Lay sent a letter asking that his name be taken off the facility. The YMCA of Greater Houston's board voted unanimously to rename the branch the Katy Family YMCA based on the contents of the letter, the contents of which aren't being released:

Prosecutors in the Enron trial wrapped up their closing arguments Wednesday, hitting more highlights of 15 weeks of testimony and urging jurors to decide the case against former Enron Chairman Ken Lay and ex-CEO Jeff Skilling as a "black and white" matter.

Judge Sim Lake and the lawyers in the Enron trial met yesterday to agree on the legal instructions Lake will give the jury Monday, which include a charge to consider whether ex-Enron Chairman Ken Lay and ex-CEO Jeff Skilling were "deliberately ignorant," ignoring warnings about improper conduct at the company, or whether they acted on a "good faith" intention to fulfill their duties. Lay lawyer Michael Ramsey, back in court this week after five weeks...

The defense in the Enron trial was dealt a setback Thursday when they had to drop a plan to introduce evidence from ex-Arthur Andersen partner David Duncan. Attorneys for former Enron Chairman Ken Lay and former CEO Jeff Skilling had planned to read jurors more than an hour of testimony Duncan gave in the 2002 Andersen trial, but Judge Sim Lake said if they did that, prosecutors could bring up the fact that Duncan admitted he ordered Enron-related documents shredded two days after he learned about a federal probe into the company.

An accounting consultant being paid by former Enron CEO Jeff Skilling testified yesterday that Skilling — and Enron — did nothing wrong in the accounting practices prosecution witnesses called shady and dishonest. Accountant Walter Rush was testifying in the trial of Skilling and former Enron Chairman Ken Lay, which is in its last days.

All together now, a big sigh of relief: The Lay/Skilling trial is in the home stretch. Really, we promise. Ahhhhhhh. Mmm. Oh, yeah.

Former Enron Chairman Ken Lay finished his cross-examination yesterday, defending his stock sales, the millions he withdrew from Enron as it was collapsing and having ignored warnings from employees about the company's failure. Lay continued wrestling with prosecutor John Hueston through the day's questioning, accusing him of being "unfair" and "mischaracterizing."

Prosecutor John Hueston pressed ex-Enron Chairman Ken Lay yesterday on his allegation that short sellers and financial journalists brought about Enron's collapse, pointing out that Lay's son Mark was one of the people short-selling Enron stock in 2001. Hueston said Mark Lay made more than $166,000 by betting Enron's stock prices would fall.

Former Enron Chairman Ken Lay continued spinning his story of innocence at his trial yesterday, maintaining that Enron's collapse was the fault of ex-CFO Andy Fastow, short sellers and the financial journalists at The Wall Street Journal. Lay stressed that be believed Enron was doing just fine, which means he couldn't possibly have been lying to people when he told them things were OK at the company even as it was sliding toward corporate doom...

responsible" play.

Ah, this is what we've been waiting for: Ex-Enron executive Jeff Skilling gave us a taste of what his cross-examination might be like today when he lashed out at government prosecutors, claiming they conducted a "rewriting of history" to blame Enron's downfall on him and former Chairman Ken Lay rather than the people actually responsible. "I think they have purposely not looked at facts they should have looked at if they wanted to come to a more balanced and accurate conclusion," Skilling, Enron's former CEO, said during testimony in his and Lay's trial yesterday.

Former Enron CEO Jeff Skilling continued testifying in his and ex-Chairman Ken Lay's trial yesterday, maintaining his innocence and saying he didn't remember doing some of things he's been accused of.

Former Enron CEO Jeff Skilling began the rather tough task of convincing the jurors that he's just like you and me — er, like them — during his first day of testimony in his and ex-Enron Chairman Ken Lay's trial yesterday. Skilling, you'll remember, was known for the grace and charm with which he treated people during his days at the Big E (there was that infamous conference call during which Skilling called an analyst...

All the reporters who came to town this week to watch Jeff Skilling testify in the Enron trial will have to wait: Skilling's testimony has been pushed back to at least Monday because of longer-than-expected testimony from former Enron General Counsel Jim Derrick. On Thursday, Derrick discussed ex-CEO Skilling and ex-Chairman Ken Lay's role in the company's operations, saying Skilling and Lay signed off on fudged annual and quarterly reports based on lawyers' and accountants'...

Former Enron CFO Andrew Fastow wrapped up his testimony yesterday, maintaining that he and other Enron executives broke the law despite hammering by defense lawyers. It was ex-Chairman Ken Lay's lawyer Mike Ramsey's turn to cross-examine Fastow on Monday, and he repeatedly accused Fastow of exaggerating his testimony to try to make himself look better.

As we enter the seventh week of the trial of ex-Enron Chairman Ken Lay and ex-CEO Jeff Skilling, the Chronicle takes a look at some of the iffy investments Enron made before it imploded. The foreign energy deals weren't nearly as stable as Enron execs indicated, but most of them are still operational — though, as the Chronicle notes, it's not clear how well they're doing today.

Defense lawyer Daniel Petrocelli went after ex-Enron CFO Andrew Fastow yesterday, trying to cast doubt on Fastow's previous testimony about the company's shady side financial deals and former CEO Jeff Skilling's involvement in them. It was Fastow's second day of cross-examination in the trial of Skilling and ex-Enron Chairman Ken Lay. On Tuesday, Fastow had testified about a "global galactic list" he made in 2000 to keep track with all Enron's side deals, which he...

A former high-level Enron executive gave testimony yesterday that may be the most damaging yet to ex-Enron CEO Jeff Skilling, saying the company used monetary reserves to smooth gains and losses and pretended it wasn't a successful energy trader when it actually was. David Delainey, former CEO of Enron's retail division and its North American trading unit, began his testimony yesterday in the trial of Skilling and ex-Enron Chairman Ken Lay. Delainey became CEO of...

The ongoing legal battle isn't the only fallout of the Enron collapse for ex-Chairman Ken Lay: According to The New York Times, Lay may have to file for bankruptcy protection because his net worth has plummeted to less than $650,000, down from a high of $400 million when Enron was still flying high. Lay's fortune has been eaten away, sometimes piece by piece and sometimes in large chunks, by a variety of things: the company's...

Enron's former managing director of investor relations, Paula Rieker, testified Tuesday that Ken Lay just might have been one of the bad guys, alleging that she directly confronted Lay about misleading outsiders, but he continued doing so anyway. It was Rieker's first day of testimony in the trial of ex-Enron Chariman Lay and former CEO Jeff Skilling.