Enron’s ex-CEO will testify this week

Posted on March 7th, 2006

Andrew Fastow, the former CEO of Enron will testify this week in the trial of Kenneth Lay and Jeffrey Skilling. Fastow created partnerships to do financial “deals” with Enron, but the partnerships did not meet accounting requirements to make them independent of Enron

The defense is expected to say that Lay and Skilling were really victims of Fastow’s fraud. This falls in line with a defense claim that many Enron executives pleaded guilty to crimes they never committed.

Fastow has already pleaded guilty to two counts of conspiracy related to Enron’s collapse, and has agreed to 10 years in prison.

Related posts:

  1. Fastow testifies in trial of Enron’s ex-executives
  2. Enron executive sentenced to prison
  3. Kenneth Lay’s testimony on Tuesday
  4. Testimony in the case against Enron executives
  5. Defense begins its case in Enron trial

Leave a comment

Note that comments which are abusive to the author or other commenters will not be published. Also, comments promoting any multi-level marketing companies, pyramid schemes, or business opportunity scams will not be published. Please do not assume that the author agrees with or endorses any comments left by others.