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Latest Jeffrey Skilling Stories

2006-06-18 13:47:28

HOUSTON (Reuters) - A federal judge has delayed sentencing for former Enron Corp. Chief Executives Ken Lay and Jeffrey Skilling, who were convicted last month of fraud and conspiracy in the company's collapse. In court documents filed late Friday, U.S. District Judge Sim Lake agreed to a motion by the defense teams to delay sentencing for the former Enron chiefs to October 23 from September 11. Lay, 64, and Skilling, 52, were found guilty at trial of hiding the financial problems at...

2006-06-18 11:25:46

HOUSTON (Reuters) - A federal judge has delayed sentencing for former Enron Corp. Chief Executives Ken Lay and Jeffrey Skilling, who were convicted last month of fraud and conspiracy in the company's collapse. In court documents filed late Friday, U.S. District Judge Sim Lake agreed to a motion by the defense teams to delay sentencing for the former Enron chiefs to October 23 from September 11. Lay, 64, and Skilling, 52, were found guilty at trial of hiding the financial problems at...

2006-05-25 12:48:47

WASHINGTON (Reuters) - The Bush administration and U.S. lawmakers said on Thursday the guilty verdicts against former Enron Corp. chief executives Kenneth Lay and Jeffrey Skilling sent a strong message on corporate corruption. "We congratulate the (U.S.) Justice Department on successfully concluding a highly complex legal proceeding that led to the convictions," White House spokesman Tony Snow said. "The administration has been pretty clear there's no tolerance for corporate...

2006-05-25 13:33:00

By Dan Whitcomb HOUSTON (Reuters) - When the guilty verdicts came down, former Enron chief Ken Lay turned to God and family. Lay, the son of a preacher who has long maintained his innocence to fraud and conspiracy charges in the energy giant's collapse, was convicted on Thursday along with former Enron CEO Jeffrey Skilling of concealing the energy' giant's crumbling finances as it spiraled toward bankruptcy in 2001. Before the jury arrived in the courtroom, the man once hailed by...

2006-05-25 11:21:13

HOUSTON (Reuters) - Former Enron chief executives Ken Lay and Jeffrey Skilling were found guilty on Thursday for their part in the financial scandal that drove the power trading giant into bankruptcy. Skilling was found guilty of 19 criminal counts. Skilling, 52, was convicted of one count of conspiracy, 17 counts of fraud and making false statements and one count of insider trading. He faces up to 185 years in prison.

2006-05-25 11:07:28

HOUSTON (Reuters) - Former Enron chief executive Ken Lay was found guilty of fraud and conspiracy on Thursday for his part in the financial scandal that drove the power trading giant into bankruptcy.

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 17:47:56

By Matt Daily HOUSTON (Reuters) - Former Enron CEO Jeffrey Skilling strongly denied on Tuesday he had a secret pact with Andrew Fastow to protect the former chief financial officer from losing money on side deals he made with Enron. Skilling, in his second day of testimony at his trial in federal court, also took aim at statements made by several other government witnesses that linked him to illicit dealings at the company, which was once the seventh largest in the United States....

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...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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