Look for Enron to populate these pages frequently over the coming weeks. The criminal trial of Ken Lay, Jeff Skilling, and Richard Causey will begin next month, but Lay isn't waiting for his time in court. Yesterday, he addressed the Houston Forum to declare his innocence: "In this trial, apparently unlike most criminal defense cases, defendants are trying to get the truth in and the prosecutors, The Enron Task Force, are trying to keep it out."
If this is a prelude to the trial, we could be in for a Scrushy-like performance, but does Lay need such a performance? I am undoubtedly influenced by having read Conspiracy of Fools, but Eichenwald's book made the potential case against Lay look very weak. Fastow will testify against his old boss, but how credible will he appear to the jury, having already pleaded guilty to fraud? Stay tuned ...
By the way, the best source I have found for all things Enron is the Houston Chronicle.
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1. Posted by David Zaring on December 14, 2005 @ 7:25 | Permalink
I don't even understand how Fastow's testimony would be relevant, given that he didn't work for Enron during the time that Lay made many of his illicit statements, as far as I can tell.
But still, I liked guest-blogging about Enron, and I still like reading posts about it. This PR offensive seems nothing less than crazy to me - will be hard for Lay not to testify at trial now, which has to be a prosecutorial dream come true.
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