{"id":156,"date":"2006-04-25T23:31:05","date_gmt":"2006-04-26T04:31:05","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=156"},"modified":"2006-05-08T23:22:55","modified_gmt":"2006-05-09T04:22:55","slug":"kenneth-lays-testimony-on-tuesday","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/kenneth-lays-testimony-on-tuesday\/","title":{"rendered":"Kenneth Lay&#8217;s testimony on Tuesday"},"content":{"rendered":"<p>[tag]Kenneth Lay[\/tag] maintained on Tuesday that [tag]Enron[\/tag] was a financially healthy company that was just a victim of outside forces.  He claimed that in late 2001 he was just a desperate executive who was trying to fight off a negative image cast upon the company by the media.<\/p>\n<p>A lot of his [tag]testimony[\/tag] focused on defending his actions as the CEO.  He also testified that his confidence in former CFO [tag]Andy Fastow[\/tag] wavered when he found out that Fastow admitted making $45 million from the [tag]LJM[\/tag] partnerships.  That day, Lay says he lost trust in Fastow, and Fastow was removed as CFO.  Fastow later admitted stealing millions from Enron through LJM and agreed to a plea bargain with prosecutors.<\/p>\n<p class=\"times\">\n","protected":false},"excerpt":{"rendered":"<p>[tag]Kenneth Lay[\/tag] maintained on Tuesday that [tag]Enron[\/tag] was a financially healthy company that was just a victim of outside forces. He claimed that in late 2001 he was just a desperate executive who was trying to fight off a negative [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-156","post","type-post","status-publish","format-standard","hentry","category-fraud-news-stories"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-2w","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=156"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/156\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}