We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Skilling Claims He Is No Cookie Monster

Law360 (April 18, 2006, 12:00 AM EDT) -- Grilled by prosecutors for the second day in his fraud and conspiracy trial, former Enron Corp. chief executive Jeffrey Skilling lost his cool when pressed on allegations that he considered dipping into “cookie jar reserves” to strengthen the energy company’s earnings.

Prosecutor Sean Berkowitz cited documents that he claimed showed Skilling was considering using more than a billion dollars in lock-box reserves for earnings.

Skilling contended that one can dip into the reserves if they have not been “formalized” yet.

Disregarding Skilling’s explanation, Berkowitz repeated his...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.