Whether Enron Corp. founder Kenneth Lay does any jail time or pays any fines for allegedly violating banking rules now rests in the hands of U.S. District Judge Sim Lake. The case against Lay, who was charged with four counts of personal bank fraud, was completed on Tuesday.
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Articles from Kenneth
On Stand, Lay Says Bank Fraud Charges Accurate, But Claims Innocence
Enron Corp. founder Kenneth Lay on Monday said the four bank fraud charges against him are accurate, but he insisted to the presiding judge in the case that it was not his intention to defraud the banks.
May 23, 2006
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Jurors Weigh Fate of Former Enron Chiefs; Lay’s New Trial Begins
With most of the journalists and court watchers gone, jurors in the trial of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling begin their third day of deliberations Monday in Houston. However, there is no rest for Lay, who is expected to be back on the stand in a different trial Monday to defend himself against four counts of bank fraud for personal loans he took out from three banks. His fate will be decided not by a jury but by presiding U.S. District Judge Sim Lake.
May 22, 2006
Second Fraud, Conspiracy Trial against Lay Under Way
As the jury began its second day of deliberations in the case against Enron Corp. founder Kenneth Lay and ex-CEO Jeffrey Skilling, Lay faced a new day and a new trial on Thursday in a separate fraud and conspiracy case involving his personal banking.
May 19, 2006
Jury Begins Deliberating Case Against Lay, Skilling
After more than 16 weeks in the courtroom, the fate of Enron Corp. founder Kenneth Lay and ex-CEO Jeffrey Skilling was in the hands of the jury Wednesday. The two former chiefs face decades in prison if they are convicted.
May 18, 2006
Enron Defense Contends Government Failed to Prove Case
Speaking to a packed courtroom, defense lawyers for Enron Corp. founder Kenneth Lay and ex-CEO Jeffrey Skilling made their final arguments to the jury on Tuesday, telling the eight women and four men that the prosecution had “rewritten history” to make its case and failed to prove the two former chiefs had committed any crimes.
May 17, 2006
Prosecutor: ‘Hocus-Pocus,’ ‘Outright Lies’ Deceived Enron Investors
Enron Corp. founder Kenneth Lay and ex-CEO Jeffrey Skilling “lied over and over and over again” to investors and employees “through accounting tricks, fiction, hocus-pocus, trickery, misleading statements, half-truths, omissions and outright lies,” federal prosecutor Kathryn H. Ruemmler told a packed courtroom on Monday during closing arguments in the 16-week-long case that could send the two former chiefs to prison for dozens of years.
May 16, 2006
Enron Jurors to Consider if Skilling, Lay ‘Deliberately Ignorant’
Jurors weighing the fate of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling will be able to consider whether the men were “deliberately ignorant” and disregarded warnings about possible misconduct at the company, U.S. District Judge Sim Lake ruled this week. Lake will read the 50 pages of instructions, which are used to apply to the facts in the case, to the jury on Monday.
May 12, 2006
Testimony Ends in Enron Trial, Deliberations Begin Next Week
After 52 witnesses over 53 days, testimony ended Monday morning in the fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and ex-CEO Jeffrey Skilling. Jurors now will have a week to think about the case before closing arguments begin next week, and they could begin deliberations by May 17.
May 9, 2006
Defense Witnesses Find Nothing Illegal in Enron’s Accounting
An accounting professor who has been paid more than $1 million by the defense team of Enron founder Kenneth Lay testified Wednesday that Lay didn’t mislead financial analysts about Enron in the weeks before it declared bankruptcy.
May 4, 2006
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