Skilling Claims He Is No Cookie Monster

Law360, New York (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...
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