Last month, ex-Enron chief Ken Lay's lawyers began making moves toward having Lay's conviction on charges of fraud and conspiracy vacated, and government prosecutors indicated they would put up a fight. Well, turns out the government wasn't just whistling Dixie: In a court filing yesterday, prosecutors asked U.S. District Judge Sim Lake to hold off on ruling about the vacation until Congress can consider changing the law.
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Results tagged “johnhueston”
The Chronicle's John Roper has a post-Enron trial interview with prosecutor Kathryn Ruemmler, the second in command of the government's Enron Task Force, today. Though Ruemmler doesn't say anything earth-shattering — the trial would have been the right place for that, right? — she does give some behind-the-scenes insight into the prosecution's work against former Enron execs Ken Lay and Jeff Skilling. Among the details was what the prosecutors did in the courtroom when they felt like they were gaining ground: They passed notes!
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.
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.
Everyone expected former Enron CFO Andrew Fastow to deliver some dirt on the company during his first day of testimony in the Ken Lay/Jeff Skilling trial — and he did just that, describing a culture of greed and corruption that he says led Enron to pull all kinds of shady financial deals. Fastow said he thought of himself as a "hero" and indicated he thought his LJM side deals were keeping the company afloat, and...
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.
matters: the clothes. On the opening day, the verdict was that the jury was the most stylish thing in the courtroom — one juror "looked fashionable in a black turtleneck and tan blazer," while "other jurors in plum, rose and light green brightened the drab courtroom." Verdict: fabulous!
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