Ex-Enron CFO Sticks To Story Under Cross-Examination

Law360, New York (March 8, 2006, 12:00 AM EST) -- Enron Corp. chief executive Kenneth Lay lied over and over again about the company’s financial health, despite full knowledge of the energy giant’s impending doom, Enron’s former chief financial officer testified Monday.

In his second day on the stand, a less emotional Andrew Fastow testified that Lay was completely aware of the deep financial problems plaguing Enron and repeatedly misrepresented the situation.

Lay and former Enron CEO Jeffery Skilling, currently on trial in Houston, face multiple counts of insider trading, conspiracy and securities fraud in a...
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.