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Stories Posted on Monday, May 15, 2006

Lay, Skilling chose to lie: prosecutor

HOUSTON (Reuters) - Former Enron CEOs Ken Lay and Jeffrey Skilling chose to lie to investors and cashed in millions dollars in stock as the energy giant imploded, a prosecutor said on Monday in closing arguments at their criminal trial.

(2006-05-15 23:44:36 GMT)

Prosecutor to Jurors: Ex-Enron Execs Committed Crimes
E-Commerce Times - 7
... Enron founder Kenneth Lay and former Chief Executive Jeffrey Skilling instigated a massive fraud before the company collapsed in one of the biggest corporate ...
(2006-05-15 22:56:00 GMT)
Prosecutor Denounces Enron Chiefs' 'Trickery'
Smartmoney.com - May 15, 2006
By Gary McWilliams and John R. Emshwiller. HOUSTON (Dow Jones)--In final arguments in the conspiracy and fraud trial of former Enron Corp. ...
(2006-05-15 22:55:00 GMT)
 
Prosecutor: Ex-Enron execs lied and tricked to cover fraud
13WHAM-TV, NY - 14
HOUSTON (AP) - A federal prosecutor says two of Enron's former top executives applied "hocus pocus" to cover up massive fraud that led the energy titan into ...
(2006-05-15 22:48:00 GMT)
Update 10: Prosecutor: Lay, Skilling Hid Enron Fraud
Forbes - May 15, 2006
Enron Corp. ... Ruemmler said Lay and Skilling repeatedly lied to pump up Enron's stock price and win adoration from Wall Street and their peers. ...
(2006-05-15 22:08:00 GMT)
Enron bosses 'stole to pump egos'
BBC News, UK - May 15, 2006
Former Enron bosses Kenneth Lay and Jeffrey Skilling stole from investors both to line their pockets and stroke their egos, their trial has heard. ...
(2006-05-15 22:06:00 GMT)
Enron Prosecutors: Find them guilty
CNN - May 15, 2006
In its closing arguments, the government tells jurors that Skilling and Lay stole, cheated and lied to prop up Enron's stock price. ...
(2006-05-15 21:44:00 GMT)
Prosecutor: Lay, Skilling Hid Enron Fraud
Bluefield Daily Telegraph, WV - 7
By KRISTEN HAYS. Enron Corp. ... Ruemmler said Lay and Skilling repeatedly lied to pump up Enron's stock price and win adoration from Wall Street and their peers. ...
(2006-05-15 21:37:00 GMT)
Listed firms urged to adopt standards
Standard, Kenya - 16
... The introduction of globally accepted accounting standards and more funding of CSR activities had been triggered by the Enron scandal that saw shareholders ...
(2006-05-15 21:05:00 GMT)
Prosecutor: Enron Execs "Chose to Lie"
CFO.com Magazine, NY - May 15, 2006
The prosecutor in the Enron trial portrayed founder Kenneth Lay and former President Jeffrey Skilling as liars who felt they were above the law, costing their ...
(2006-05-15 20:45:00 GMT)
Republicans plan bill relaxing Sarbanes-Oxley law
Reuters - 16
... The Sarbanes-Oxley law was passed by Congress in 2002 to help restore investor confidence after Enron Corp.'s accounting scandal and collapse. ...
Smaller firms paying big to follow Sarbanes-Oxley Fort Wayne Journal Gazette
all 3 related
(2006-05-15 20:42:00 GMT)
Enron bosses prepare for verdict
Aljazeera.net, Qatar - May 15, 2006
The fate of two former Enron executives are soon to be determined as closing arguments in their fraud and conspiracy trial begin in a US court. ...
(2006-05-15 20:39:00 GMT)
Enron prosecution begins closing arguments
Standard-Speaker, PA - 19
HOUSTON - Two former chief executives of Enron Corp. “lied over and over and over again” to investors and employees in a widespread ...
(2006-05-15 20:15:00 GMT)
Enron case nears end
International Herald Tribune, France - May 15, 2006
HOUSTON A government prosecutor attacked the credibility of Enron's former chief executives, Kenneth Lay and Jeffrey Skilling, as closing arguments in their ...
(2006-05-15 19:49:00 GMT)
Enron Case To Conclude Soon
All Headline News - May 15, 2006
Houston, Texas (AHN)- Government prosecutors assaulted the credibility of Enron's former top executives, Kenneth L. Lay and Jeffrey K. Skilling in the closing ...
(2006-05-15 19:42:00 GMT)
Lay, Skilling Used `Trickery' to Fool Enron Investors (Update1)
Bloomberg - May 15, 2006
May 15 (Bloomberg) -- Former Enron Corp. ... ``Over the last several months you have been taken inside the doors of Enron,'' Ruemmler told jurors. ...
(2006-05-15 19:25:00 GMT)
Prosecutor cites "lies" by Enron chiefs
Channel News Asia, Singapore - 15
HOUSTON : Former Enron executives Kenneth Lay and Jeffrey Skilling conspired to defraud investors in order to line their pockets and fuel their egos ...
(2006-05-15 18:44:00 GMT)
Government Begins Closing Arguments In Enron Trial
Los Angeles Times, CA - May 15, 2006
HOUSTON -- The government's closing arguments in the Enron trial began today by painting founder Kenneth L. Lay and former chief executive Jeffrey K. Skilling ...
(2006-05-15 18:37:00 GMT)
Closing arguments start at Enron trial

HOUSTON (Reuters) - Former Enron Corp. Chief Executives Ken Lay and Jeffrey Skilling believed they were above the law as they directed the fraud at the now-ruined energy company, a prosecutor told the jury at their criminal trial.

(2006-05-15 18:36:33 GMT)

Closing Arguments Under Way in Enron Trial
ABC News - May 15, 2006
Federal prosecutor Kathryn Ruemmler gives the first part of the closing argument to the jury in the fraud and conspiracy trial of Enron executives Ken Lay and ...
(2006-05-15 18:26:00 GMT)
Closing Arguments Begin in Enron Trial [UDPATED]
KBTV4.tv, TX - May 15, 2006
The Enron trial is in its closing arguments stage. Prosecution and defense attorneys have six hours each to present their arguments. ...
(2006-05-15 18:19:00 GMT)
'Lies were criminal,' prosecutor tells Enron jurors in closing
USA Today - May 15, 2006
HOUSTON — Former Enron CEOs Ken Lay and Jeff Skilling told lie after lie to investors rather than face up to the truth about their company's health, a ...
(2006-05-15 18:10:00 GMT)
Closing arguments start at former Enron CEOs trial

HOUSTON (Reuters) - Former Enron Corp. Chief Executives Ken Lay and Jeffrey Skilling believed they were above the law as they directed the fraud at the now-ruined energy company, a prosecutor told the jury at their criminal trial.

(2006-05-15 18:07:42 GMT)

Jurors Get Instructions In Enron Trial
KWTX, TX - May 15, 2006
(May 15, 2006)--The judge told jurors in the federal Enron trial Monday in Houston to weigh with "great care" the testimony of witnesses who have cut plea ...
(2006-05-15 17:55:00 GMT)
Closing arguments start in Enron trial
CBC.ca, Canada - May 15, 2006
A prosecutor asserted Monday that former Enron Corp. executives ... auditors. Enron founder Kenneth Lay, 64, faces six counts of fraud and conspiracy. ...
(2006-05-15 17:37:00 GMT)
Closing arguments get under way in Enron trial
Bizjournals.com, NC - 11
After more than 14 weeks and dozens of witnesses, a Houston jury is expected to finally decide the fate former Enron Corp. Chairman ...
(2006-05-15 17:29:00 GMT)
Update 9: Closing Arguments Under Way in Enron Trial
Forbes - 20
By KRISTEN HAYS , 05.15.2006, 01:17 PM. Two former chief executives of Enron Corp. "lied over and over and over again" to investors ...
(2006-05-15 17:21:00 GMT)
Closing arguments underway in Enron trial
BusinessWeek - May 15, 2006
MAY. 15 12:25 PM ET Two former chief executives of Enron Corp. "lied over and over and over again" to investors and employees in ...
(2006-05-15 17:19:00 GMT)
ENRON TRIAL WINDS DOWN
KFDX-TV, TX - May 15, 2006
Closing arguments start today in the fraud and conspiracy trial against Enron founder Kenneth Lay and former Chief Executive Jeffrey Skilling. ...
(2006-05-15 17:16:00 GMT)
Final arguments in Enron trial begin
ForexTV.com, NY - 8
HOUSTON (AFX) -- A jury this week will finally get to decide whether Enron's spectacular meltdown was caused by criminal greed and corruption among the ...
(2006-05-15 17:08:00 GMT)
Final arguments begin in Enron trial
MarketWatch - May 15, 2006
HOUSTON (MarketWatch) -- A jury this week will finally get to decide whether Enron's spectacular meltdown was caused by criminal greed and corruption among the ...
(2006-05-15 16:51:00 GMT)
Closing Arguments Scheduled to Begin in Enron Trial
KBTV4.tv, TX - May 15, 2006
Closing arguments are scheduled to begin Monday in the fraud and conspiracy trial of former Enron executives Kenneth Lay and Jeffrey Skilling. ...
(2006-05-15 16:47:00 GMT)
Enron Trial Winds Down With Closing Arguments
10News.com, CA - 7
HOUSTON -- A federal judge told jurors in the Enron case Monday to use "great care" when considering the testimony of witnesses who struck plea deals with ...
(2006-05-15 16:34:00 GMT)
Enron judge warns jury on plea bargains
MSNBC - May 15, 2006
... great care” the testimony of witnesses who have pleaded guilty as part of a deal with prosecutors in the fraud and conspiracy trial of two top Enron Corp. ...
(2006-05-15 15:15:00 GMT)
Enron Jurors Hear Judge's Instructions
Washington Post, United States - May 15, 2006
HOUSTON, May 15 -- Eight women and four men filed into court this morning for the 54th day as the fraud trial of former Enron Corp. ...
(2006-05-15 15:13:00 GMT)
Enron Jury Hears Judge's Instructions
ABC News - 21
Former Enron executive Jeffrey Skilling, right, and his attorney Dan Petrocelli walk to the courthouse Monday, May 15, 2006, in Houston for the first day of ...
(2006-05-15 15:01:00 GMT)
Closing arguments set for Monday in Enron fraud and conspiracy ...
CourtTV, NY - May 15, 2006
HOUSTON (AP) — The jury in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive ...
(2006-05-15 14:49:00 GMT)
Final arguments get under way in Enron case
Hamilton Spectator, Canada - May 15, 2006
... But that's what prosecutors and defence lawyers will struggle to do as final arguments in the fraud trial of former Enron Corp. ...
(2006-05-15 14:49:00 GMT)
Lawyers make last pitch to Enron jury
Sydney Morning Herald, Australia - May 15, 2006
HOUSTON: As Enron Corp founder Kenneth Lay sees it, the US Government must have known its case against him was weak or prosecutors would not have spent so much ...
(2006-05-15 14:02:00 GMT)
Enron: Closing Arguments on Tap
CBS 47, CA - May 15, 2006
Defense attorneys and those prosecuting former top Enron officials are set to begin their closing arguments this week after 15 weeks of testimony. ...
(2006-05-15 13:35:00 GMT)
Deliberations Begin This Week In Enron Trial
KWTX, TX - May 15, 2006
(May 15, 2006)—Jurors will begin deliberations this week in Houston in the federal fraud trial of Enron founder Kenneth Lay and former Enron CEO Jeffrey ...
(2006-05-15 12:39:00 GMT)
Closing arguments on deck in Enron trial
ABC 4, Salt Lake City - 6
... Enron founder Kenneth Lay and former Chief Executive Jeffrey Skilling are charged with fraud and conspiracy leading to the company's bankruptcy.
(2006-05-15 12:33:00 GMT)
Update 6: Closing Arguments on Deck in Enron Trial
Forbes - 5
By KRISTEN HAYS , 05.15.2006, 08:12 AM. Closing arguments start today in the Enron trial. Each side has six hours to summarize the ...
(2006-05-15 12:23:00 GMT)

Katu.com
Portland General Electric Reports First Quarter 2006 Earnings ...
dBusinessNews Portland (press release), OR - 12
... Portland General Electric (PGE) ceased to be a subsidiary of Enron Corp. on April 3, 2006, with the issuance of 62.5 million shares of new common stock. ...
Boardman outage leads to loss for independent PGE OregonLive.com
PGE posts a loss in Q1 Bizjournals.com
State PUC has questions for Harbinger hedge fund OregonLive.com
Katu.com - all 12 related
(2006-05-15 11:04:00 GMT)
Closing arguments in Enron trial today
Bradenton Herald, United States - May 15, 2006
HOUSTON - The jury in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey ...
(2006-05-15 11:01:00 GMT)
Enron Closing Arguments: Sneak Peek
CBS News - May 15, 2006
(CBS) Closing arguments are set to begin Monday and are expected to last until Wednesday in the fraud and conspiracy trial of former Enron Chairman Kenneth Lay ...
(2006-05-15 10:56:00 GMT)
Closing arguments are set to begin in Enron case
Cincinnati Post, OH - 14
By Thomas S. Mulligan. HOUSTON - As Enron Corp. founder Kenneth L. Lay sees it, the government must have known its case against him ...
(2006-05-15 10:40:00 GMT)
Enron Closing Arguments To Begin
CBS News - May 15, 2006
(CBS/AP) Closing arguments are to begin Monday in the fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling. ...
(2006-05-15 10:23:00 GMT)
Closing Arguments To Begin In Enron Trial
All Headline News - May 15, 2006
Houston, TX (AHN) – Attorneys in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive ...
(2006-05-15 10:11:00 GMT)
Closing arguments set to begin in Enron trial
Fort Worth Star Telegram, TX - May 15, 2006
By KRISTEN HAYS. HOUSTON -- The jury in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief ...
(2006-05-15 09:39:00 GMT)
Closing arguments set in Enron trial
Mohave Valley News, NV - May 15, 2006
HOUSTON (AP) - The jury in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive ...
(2006-05-15 09:24:00 GMT)
Enron jury to hear closing arguments
News-Leader.com, MO - 21
By Kristen Hays. HOUSTON — The jury in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief ...
(2006-05-15 08:15:00 GMT)
Enron lawyers prep for closing arguments
Longview Daily News, WA - 14
By Staff. HOUSTON (AP) -- The jury in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief ...
(2006-05-15 07:37:00 GMT)
Summing up Enron poses big challenge
Denver Post, CO - 10
... But that's exactly what prosecutors and defense lawyers will struggle to do as final arguments in the fraud trial of former Enron Corp. ...
(2006-05-15 07:16:00 GMT)
Enron trial's closing arguments will run through Wednesday
Kentucky.com, KY - May 15, 2006
... But that's exactly what prosecutors and defense lawyers will struggle to do as final arguments in the fraud trial of former Enron Corp. ...
(2006-05-15 07:08:00 GMT)
Update 4: Closing Arguments on Deck in Enron Trial
Forbes - May 14, 2006
By KRISTEN HAYS , 05.15.2006, 02:17 AM. By Wednesday, the fates of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling ...
(2006-05-15 06:27:00 GMT)
Enron Fraud Trial Moves to Closing Arguments

Closing arguments begin in the fraud and conspiracy trial of two former Enron officials. Prosecutors will lay out their case against former Chairman Kenneth Lay and former CEO Jeffrey Skilling. The defense presents its case Tuesday. The jury is expected to begin deliberating on Wednesday. (2006-05-15 06:00:00 EDT)

Enron case, lacking smoking guns, goes to jurors this week
Boston Globe, United States - May 14, 2006
By Associated Press | May 15, 2006. HOUSTON -- The jury in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth ...
(2006-05-15 05:36:00 GMT)
Feds Should Make Enron Close Short and Sweet
Washington Post, United States - May 14, 2006
Things did not go the way the big-shot attorneys hoped it would during the 15-week long fraud and conspiracy trial of former Enron honchos Kenneth Lay and ...
(2006-05-15 04:17:00 GMT)
Our 'Enrons', or a Harder Look at Financial Accounting and ...
Middle East North Africa Financial Network, Jordan - 4
The trials of the principal actors in the ongoing Enron saga of greed, financial and accounting juggling, should make us all pause and ask ourselves — do our ...
(2006-05-15 03:42:00 GMT)
Highlights of testimony in the Enron trial
abc13.com, TX - May 14, 2006
(5/14/06 - HOUSTON) - Here are some highlights of the testimony in the fraud and conspiracy trial of Enron Corp. founder Kenneth ...
(2006-05-15 02:20:00 GMT)
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Report Compares San Diego Pension Fund Scandal to Enron Los Angeles Times, CA - 37 ... blames San Diego's pension fund debacle on mismanagement and illegal financial manipulations that recall the fiscal crises of Orange County and Enron Corp. ... San Diego Broke Laws in Pension Crisis, Panel Says New York Times San Diego engaged in reckless fiscal mismanagement, report says San Jose Mercury News $20 Million Audit Report Slams City Officials NBC Sandiego.com KVOA.com - KESQ - all 117 related
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The Enron trials will be the most important trials this decade, and will be nearly completely ignored.  Each day, we sort through all the stories to find the most interesting bits and bites.

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