Former Enron Exec Admits He Lied To Feds

Law360, New York (March 6, 2006, 12:00 AM EST) -- The evidence continues to mount in the corruption trial of Enron founder Ken Lay and former chief executive Jeffery Skilling, as an ex-broadband unit executive told a jury on Monday that he lied to government regulators three years ago concerning the division’s financial outlook.

Kevin Hannon informed jurors last week that back in March 2001, Skilling deceived Wall Street analysts about the struggling broadband unit’s prospects during a conference call.

Hannon also acknowledged that the broadband division had been facing layoffs and hemorrhaging money while failing...
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