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Last updated on April 18, 2014 at 1:21 EDT

Latest Jeffrey Skilling Stories

2006-03-08 13:46:39

By Jeff Franks HOUSTON (Reuters) - Ken Lay, a former chief executive of Enron Corp., repeatedly lied to investors about the company, portraying it as financially sound even as it spiraled toward bankruptcy in 2001, the company's former finance chief, Andrew Fastow, testified on Wednesday. Fastow, the government's key witness against Enron's two former CEOs, said Lay knew the Houston-based energy trading firm was drowning in debt and piling up undisclosed losses, but assured a...

2006-03-08 13:41:21

By Jeff Franks HOUSTON (Reuters) - Ken Lay, a former chief executive of Enron Corp., repeatedly lied to investors about the company, portraying it as financially sound even as it spiraled toward bankruptcy in 2001, the company's former finance chief, Andrew Fastow, testified on Wednesday. Fastow, the government's key witness against Enron's two former CEOs, said Lay knew the Houston-based energy trading firm was drowning in debt and piling up undisclosed losses, but assured a...

2006-03-07 19:50:49

By Matt Daily HOUSTON (Reuters) - Former Enron Corp. Chief Financial Officer Andrew Fastow testified through tears on Tuesday that he routinely inflated earnings, hid losses and deceived investors with the blessing of his boss, Jeffrey Skilling. Skilling and fellow defendant and former chief executive officer Ken Lay are charged with fraud and conspiracy for driving what was once the seventh-largest U.S. company into bankruptcy in December 2001. In his first public comments since...

2006-03-07 17:35:00

By Matt Daily HOUSTON -- Former Enron Corp Chief Financial Officer Andrew Fastow testified through tears on Tuesday that he routinely inflated earnings, hid losses and deceived investors with the blessing of his boss, Jeffrey Skilling. Skilling and his fellow defendant and former chief executive officer Ken Lay are charged with fraud and conspiracy for driving what was once the seventh-largest U.S. company into bankruptcy. In his first public comments since the company collapsed into...

2006-03-07 12:49:27

By Matt Daily HOUSTON (Reuters) - Former Enron Corp. chief financial officer Andrew Fastow, the financial mastermind of the energy trader's most illicit deals, testified on Tuesday he believed he was a hero by helping the company inflate profits. Fastow took the witness stand as the government's star witness in the trial of former CEOs Jeffrey Skilling and Ken Lay and wasted no time in linking the two men to the crimes that drove the once-seventh largest U.S. company to bankruptcy....

2006-03-07 10:36:13

By Matt Daily HOUSTON (Reuters) - Former Enron Corp. Chief Financial Officer Andrew Fastow, the mastermind behind many of the company's illicit deals, took the witness stand on Tuesday at the trial of ex-Enron CEOs Jeffrey Skilling and Ken Lay. Fastow, 44, is the highest ranking witness to testify against the two executives, who together face more than three dozen charges of conspiracy, fraud and insider trading linked to the collapse of the company into bankruptcy in December...

2006-03-07 10:11:44

HOUSTON (Reuters) - Former Enron Corp. Chief Financial Officer Andrew Fastow, the mastermind behind many of the company's illicit deals, took the witness stand on Tuesday at the trial of ex-Enron CEOs Jeffrey Skilling and Ken Lay. Fastow, 44, is the highest ranking witness to testify against the two executives, who together face more than three dozen charges of conspiracy, fraud and insider trading linked to the collapse of the company into bankruptcy in December 2001. The former...

2006-03-06 18:30:00

By Matt Daily HOUSTON (Reuters) - Former Enron Corp. CEO Jeffrey Skilling was using sarcasm when he told several top executives in 2001 "they're on to us," his lawyer suggested on Monday at the trial of Skilling and ex-CEO Ken Lay. The lawyer, Mark Holscher, sought to sow doubts about the comment that a witness, former executive Kevin Hannon, told the jury last week he heard Skilling say in reaction to a May 2001 analyst report that was sharply critical of Enron. Hannon had said he took...

2006-03-06 08:15:53

By Matt Daily HOUSTON (Reuters) - Andrew Fastow, Enron Corp's former financial chief and the architect of its most devious accounting schemes, will the take the stand this week as the star witness at the trial of his former bosses Ken Lay and Jeffrey Skilling. The appearance of Fastow, 44, as early as Monday afternoon or Tuesday, comes midway through the prosecution's case. It will follow on the heels of several witnesses who testified that former CEOs Lay and Skilling knew of, and...

2006-03-06 01:45:25

By Matt Daily HOUSTON (Reuters) - Andrew Fastow, Enron Corp's former financial chief and the architect of its most devious accounting schemes, will the take the stand this week as the star witness at the trial of his former bosses Ken Lay and Jeffrey Skilling. The appearance of Fastow, 44, as early as Monday afternoon or Tuesday, comes midway through the prosecution's case. It will follow on the heels of several witnesses who testified that former CEOs Lay and Skilling knew of, and...