Quantcast
Last updated on April 21, 2014 at 1:20 EDT

Latest Daniel M. Petrocelli Stories

c87f81e8309b912ef090b30c9973601f1
2009-03-12 08:02:36

The case against New York trader Bernard Madoff may be the kickoff for an open season of prosecuting executives for fraud, a top fraud attorney said. It's going to be open season. You'll see a lot more indictments down the road, Daniel Petrocelli, whose clients include former Enron Chief Executive Officer Jeffrey Skilling, said to The New York Times. U.S. President Barack Obama's federal budget includes increase spending for the FBI to tackle white-collar crime and a 13 percent budgetary...

2006-07-05 18:29:48

By Matt Daily HOUSTON (Reuters) - Enron Corp.'s founder Ken Lay died of heart disease on Wednesday while vacationing near Aspen, Colo., six weeks after being convicted of fraud and conspiracy in the financial scandal that brought down the once-mighty energy conglomerate. Lay, 64, who was awaiting sentencing, faced decades in prison in connection with Enron's 2001 bankruptcy. "There was no evidence of foul play," Dr. Rob Kurtzman, the forensic pathologist who performed the autopsy...

2006-07-05 16:03:57

By Matt Daily HOUSTON (Reuters) - Enron Corp. founder Ken Lay died of an apparent heart attack on Wednesday, six weeks after he was convicted of fraud in the financial scandal that brought down the once-mighty energy conglomerate. Lay, 64, was at his vacation home near Aspen, Colorado, awaiting sentencing, and was expected to face decades in prison for his fraud and conspiracy convictions linked to Enron's 2001 bankruptcy. "Ken Lay passed away early this morning," Lay family...

2006-04-12 12:43:27

By Matt Daily HOUSTON (Reuters) - Former Enron Chief Executive Jeffrey Skilling testified on Wednesday that Enron never used bogus cash reserves to smooth out its earnings and disguise massive trading profits. Skilling's testimony in his third day on the witness stand at his criminal trial was an effort to counter claims by a former top executive that the company reaped massive profits from trading power during the California power crisis in 2000 and illicitly dumped the money into...

2006-04-11 12:44:29

By Matt Daily HOUSTON (Reuters) - Former Enron CEO Jeffrey Skilling on Tuesday told the jury at his criminal trial he never ordered subordinates at the energy company to illegally falsify profits to please Wall Street. Skilling's testimony on his second day on the witness stand contradicted statements made by former Enron executives who testified earlier in the trial the company had manufactured profits with Skilling's consent. "Did you ever have a single conversation where you sat...

2006-04-10 17:26:29

By Matt Daily HOUSTON (Reuters) - Former Enron Chief Executive Jeffrey Skilling took the witness stand in his own defense on Monday, proclaiming his innocence and vowing he would fight criminal charges against him "till the day I die." Skilling, 52, and former Enron CEO and Chairman Ken Lay stand accused of lying to investors and analysts to hide the dismal financial health of Enron, which collapsed in December 2001 in the then largest-ever U.S. bankruptcy. "It's not in my nature...

2006-04-10 16:27:35

By Matt Daily HOUSTON (Reuters) - Former Enron Chief Executive Jeffrey Skilling took the witness stand in his own defense on Monday, proclaiming his innocence and telling the jury he never imagined the company he helped create would collapse. Skilling, 52, and former Enron CEO and Chairman Ken Lay stand accused of lying to investors and analysts to hide the dismal financial health of Enron, which collapsed in December 2001 in the then largest-ever U.S. bankruptcy. "It's not in my...

2006-04-06 13:19:58

By Matt Daily HOUSTON (Reuters) - Testimony from former Enron Corp. Chief Executive Officer Jeffrey Skilling at his fraud and conspiracy trial could be pushed back until Monday as questioning of Enron's former top lawyer continued, Skilling's lawyer said on Thursday. Skilling's testimony was expected to begin Thursday afternoon, but his lawyer Dan Petrocelli told reporters "it's looking grim" as to whether his client would take the witness stand before the end of the day. Skilling,...

2006-04-06 11:02:12

By Matt Daily HOUSTON (Reuters) - Former Enron CEO Jeffrey Skilling, who went from business visionary to pariah with the energy trader's dramatic collapse, will take the witness stand on Thursday at his trial to try to face down more than two dozen criminal charges. The 52-year-old Skilling was a driving force behind Enron's spectacular rise from its roots as an obscure pipeline company to a worldwide energy giant that revolutionized energy trading. But revelations of accounting...

2006-04-05 19:58:45

By Matt Daily HOUSTON (Reuters) - Former Enron CEO Jeffrey Skilling, who went from business visionary to pariah with the energy trader's dramatic collapse, will take the witness stand on Thursday at his trial to try to face down more than two dozen criminal charges. The 52-year-old Skilling was a driving force behind Enron's spectacular rise from its roots as an obscure pipeline company to a worldwide energy giant that revolutionized energy trading. But revelations of accounting...