Latest Jeffrey Skilling Stories
By Matt DailyHOUSTON (Reuters) - U.S. prosecutors dropped a handful of charges against Ken Lay and Jeffrey Skilling on Tuesday as they rested their case against the former Enron Corp. CEOs accused of covering up the financial ruin at the energy company.Prosecutors asked U.S. District Court Judge Sim Lake to dismiss three charges brought against Skilling and one charge brought against Lay because they had not presented any evidence regarding those counts during the two months in which they...
By Jeff Franks HOUSTON (Reuters) - Enron Corp. whistle-blower Sherron Watkins recounted on Wednesday how she warned then-chief executive Ken Lay in August 2001 that financial fraud could destroy the company, but that his response was to launch a "bogus" investigation and try to have her fired. At the same time Watkins was trying to save the now-bankrupt company where she was vice president of corporate development, Lay was selling off millions of dollars of Enron stock to pay off...
By Jeff Franks HOUSTON (Reuters) - Enron Corp. whistle-blower Sherron Watkins recounted on Wednesday how she warned then-chief executive Ken Lay in August 2001 that financial fraud could destroy the company, but that his response was to launch a "bogus" investigation and try to have her fired. At the same time Watkins was trying to save the now-bankrupt company where she was vice president of corporate development, Lay was selling off millions of dollars of Enron stock to pay off...
By Jeff Franks HOUSTON (Reuters) - Enron Corp. whistle-blower Sherron Watkins recounted on Wednesday how she warned then-chief executive Ken Lay in August 2001 that financial fraud could destroy the company, but that his response was to launch a "bogus" investigation and try to have her fired. At the same time Watkins was trying to save the now-bankrupt company where she was vice president of corporate development, Lay was selling off millions of dollars of Enron stock to pay off...
By Jeff Franks HOUSTON (Reuters) - Enron Corp. whistle-blower Sherron Watkins recounted on Wednesday how she warned then-chief executive Ken Lay in August 2001 that financial fraud could destroy the company, but that his response was to launch a "bogus" investigation and try to have her fired. At the same time Watkins was trying to save the now-bankrupt company where she was vice president of corporate development, Lay was selling off millions of dollars of Enron stock to pay off...
By Jeff FranksHOUSTON (Reuters) - A former Enron Corp. employee who worked under then-chief financial officer Andrew Fastow said illicit finance deals were so common at the company that he never worried about getting caught.Investment analyst Chris Loehr, testifying on Tuesday in the trial of former Enron chief executives Ken Lay and Jeffrey Skilling, said the company's accountants turned a blind eye toward most of the misdeeds instead of warning that they skirted the law."I knew we were...
By Jeff Franks HOUSTON (Reuters) - Former Enron Corp. Chief Financial Officer Andrew Fastow was a skilled liar who duped his bosses into thinking he was making heroic efforts for the company while he stole millions and planted the seeds of its destruction, defense attorneys said on Monday. They made their points in a cross-examination that went to the heart of the defense case that former Chief Executives Ken Lay and Jeffrey Skilling believed Enron to be in good shape and collapsed...
By Jeff Franks HOUSTON (Reuters) - Former Enron Corp. Chief Financial Officer Andrew Fastow was a skilled liar who duped his bosses into thinking he was making heroic efforts for the company while he stole millions and planted the seeds of its destruction, defense attorneys said on Monday. They made their points in a cross-examination that went to the heart of the defense case that former Chief Executives Ken Lay and Jeffrey Skilling believed Enron to be in good shape and collapsed...
SAN FRANCISCO -- Enron Corp. said on Friday it reached settlements totaling more than $400 million on disputed electricity and natural gas transactions in the western United States from 1997 to 2003.The company said it settled with three parties -- the U.S. Federal Energy Regulatory Commission (FERC) staff, the city of Santa Clara, California, and its municipal utility, and Valley Electric Association Inc., a Nevada electricity cooperative.Under the settlements, FERC will receive a $400...
By Jeff Franks HOUSTON (Reuters) - Government star witness Andrew Fastow repeatedly admitted during cross-examination on Thursday he was a liar and a cheat as the defense tried to refute his testimony that former Enron Corp. chief executives Jeffrey Skilling and Ken Lay covered up their company's crumbling finances. He said he had no written documents to back up his allegations against his former bosses, but said they were part of a broad conspiracy among Enron executives to mislead...
