Results tagged “enroncfoandyfastow”

If you find yourself in the mood to pay a visit to former Enron CFO Andy Fastow, looks like you'll be headed to Louisiana: The Federal Bureau or Prisons has placed Fastow in a federal prison in Oakdale, La., about 200 miles northeast of Houston, where he'll serve his six-year sentence. Oakdale isn't where Fastow had expected to end up: At his sentencing in late September, U.S. District Judge Kenneth Hoyt recommended that Fastow be...

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?

Prosecutors in the various Enron trials have been busy this week filing rebuttals to requests from former executives including Jeff Skilling, who asked for a new trial and the chance to interview jurors who convicted him in May.

Even though testimony is over in the Enron trial, the action isn't — well, depending on what you call "action," we guess. Yesterday, prosecutors asked Judge Sim Lake to keep the defense from saying that the government didn't call, or barred, certain witnesses during its closing argument next week.

Ken Lay burst into his first day of cross-examination yesterday, angrily denying that he had tried to influence witnesses and implying that prosecutor John Hueston was one of the people Lay accused of carrying out a "character assassination" against him. Lay, the former Enron chairman, has been on the witness stand in his and ex-Enron CEO Jeff Skilling's trial all week; Wednesday was the first of as many as three days he'll spend being questioned by government prosecutors.

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...

Ken Lay's lawyer Mike Ramsey spent much of Monday trying to show that Lay wasn't involved in inflated earnings reports apparently designed to hide the fact that Enron was going down in flames. In the beginning of the third week of testimony in Lay and Jeff Skilling's trial, Ramsey questioned ex-Enron head of investor relations Mark Koenig about a series of drafts of Enron's second quarter 2001 earnings report in which the earnings numbers kept changing as Enron was headed for a $1.2 billion equity write-down and $680 million in quarterly losses.