Former Enron CEO Faces New Charges

Law360, New York (January 4, 2006, 12:00 AM EST) -- The U.S. government has filed fresh charges against former Enron chief executive Jeffrey Skilling, alleging that he lied to the Securities and Exchange Commission in a deposition taken four years ago.

This latest motion, filed in U.S. District Court for the Southern District of Texas, accused Skilling of deliberately misleading the SEC regarding his reasons for selling 500,000 shares of Enron stock only months prior to the energy goliath’s collapse.

Federal prosecutors filed the motion in response to an earlier defense motion asking to keep the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.