{"id":167,"date":"2006-05-03T15:19:18","date_gmt":"2006-05-03T20:19:18","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=167"},"modified":"2006-05-06T13:47:07","modified_gmt":"2006-05-06T18:47:07","slug":"accountant-testimony-on-behalf-of-ken-lay-and-jeff-skilling","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/accountant-testimony-on-behalf-of-ken-lay-and-jeff-skilling\/","title":{"rendered":"Accountant testimony on behalf of Ken Lay and Jeff Skilling"},"content":{"rendered":"<p>From the Wall Street Journal:<\/p>\n<blockquote><p>In testimony this morning, Jerry Arnold, a defense consultant and accounting professor at the University of Southern California, testified that [tag]Enron[\/tag] wasn&#8217;t required to [tag]write down[\/tag] declines in the value of its international operations that weren&#8217;t slated to be sold and that Enron hadn&#8217;t determined were permanent. He said his review found no evidence of either.<\/p>\n<p>Government witnesses had previously testified that several businesses had fallen sharply in value and that Messrs. Lay and Skilling choose not to write down the book value, [tag]misleading investors[\/tag] during a time of heightened concern about the company&#8217;s operations. Mr. Arnold rejected their testimony as incorrect or incomplete. He said today that he was paid $600,000 for his work.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From the Wall Street Journal: In testimony this morning, Jerry Arnold, a defense consultant and accounting professor at the University of Southern California, testified that [tag]Enron[\/tag] wasn&#8217;t required to [tag]write down[\/tag] declines in the value of its international operations that [&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-167","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-2H","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/167","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=167"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}