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.
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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.
Former Enron CFO Andrew Fastow delivered more goods for the prosecution during his testimony Wednesday and didn't back down from his accusations against Ken Lay and Jeff Skilling despite a full assault from Skilling's lawyer Daniel Petrocelli. In his second day of testimony in the trial of ex-Chairman Lay and ex-CEO Skilling, Fastow told jurors that Lay knowingly misled reporters and employees about the company's health.
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