Lay, Skilling Attorneys Blame Corporate "Bad Guys"

Law360, New York (January 31, 2006, 12:00 AM EST) -- A few powerful “bad guys” in Enron’s corporate finance group turned the energy giant into the “victim of an immediate, unanticipated and temporary drain on its liquidity,” counsel for the company’s former top executives told the jury at the opening of their fraud trial in Houston on Tuesday.

Those "bad guys" were not former Enron chief executive Jeffrey Skilling or co-defendant Kenneth Lay, according to defense attorneys, who pointed fingers instead at ex-CFO Andrew Fastow.

During opening arguments, federal prosecutors described Skilling and Lay as greedy...
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