In some of the most explosive and combative testimony to date in the trial of Enron Corp. founder Kenneth Lay and ex-CEO Jeffrey Skilling, ex-CFO Andrew Fastow testified last week that Skilling used off-the-book partnerships to illegally revise earnings beginning in 1999, and told jurors that Lay not only knew about the financial shenanigans before the company dissolved into bankruptcy but also actively took part in deceiving shareholders and the news media.
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Skilling Lawyer Tries to Discredit Fastow’s ‘Smoking Gun’ Memo
A defense lawyer for former Enron Corp. CEO Jeffrey Skilling continued his punishing cross examination of ex-CFO Andrew Fastow on Thursday, trying to undermine earlier testimony and discredit a handwritten three-page memorandum, which Fastow claims secretly documents shady deals between him and his former boss.
March 10, 2006
Fastow Fingers Lay in Enron’s Deception
After implicating Enron Corp.’s ex-CEO Jeffrey Skilling in many of the company’s illegal deals, former CFO Andrew Fastow fingered Enron founder Kenneth Lay on Wednesday, testifying that Lay not only knew about the financial shenanigans before the company dissolved into bankruptcy, but also actively took part in deceiving shareholders and the news media.
March 9, 2006
Enron’s Fastow Says Skilling Helped Direct Illegal Partnerships
Former Enron Corp. CFO Andrew Fastow testified Tuesday that the company, under then-President Jeffrey Skilling’s direction, used off-the-book partnerships to illegally revise earnings beginning in 1999.
March 8, 2006
Fastow Could be Called to Testify in Criminal Trial
Former Enron Corp. CFO Andrew Fastow could be called as a witness for the defense this week in a trial against four former Merrill Lynch employees and two former Enron executives. An ex-Enron executive testified last week that Fastow helped set up a bogus transaction with Merrill to “sell” and then “buy” back some power generating barges to artificially inflate Enron’s 1999 earnings.
October 4, 2004
Former Enron Exec Says Fastow Set Up Bogus Merrill Transaction
A former Enron Corp. executive testified Monday that ex-CFO Andrew Fastow helped set up a bogus transaction with Merrill Lynch to sell and then buy back some power generating barges to inflate Enron’s 1999 earnings.
September 28, 2004
Enron Criminal Case Continues in Houston
The first Enron Corp. criminal trial will continue this week in Houston, as prosecutors use emails and other evidence to prove two former executives conspired with four Merrill Lynch bankers to illegally increase Enron’s profits so that it could meet Wall Street expectations.
September 27, 2004
Fastow Court Date Set for April 2004
Andrew Fastow, the ex-Enron Corp. CFO who allegedly manipulated the company’s books that eventually led to bankruptcy, will be tried separately beginning April 20, 2004 under an order by Houston-based U.S. District Judge Kenneth Hoyt.
September 8, 2003
Fastow Indicted on 31 More Charges
Former Enron Corp. CFO Andrew S. Fastow was charged Monday in Houston federal court with 31 more criminal charges, including insider trading, filing false tax forms and for conspiracy to falsify the books and records of the bankrupt energy merchant.
May 20, 2003
Third Enron Exec Pleads Guilty, Will Cooperate with Prosecutors
A former executive who worked for infamous Enron Corp. CFO Andrew Fastow agreed to cooperate with the Enron Task Force on Tuesday, part of a plea bargain reached for his guilty plea for tax evasion.
December 2, 2002
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