Combative

Enron’s Ex-CFO Offers Potentially Devastating Testimony Against Lay, Skilling

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.

March 13, 2006