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“Witch Hunt” Ruined Enron: Lay

Law360 (April 25, 2006, 12:00 AM EDT) -- A tense second day on the stand saw Enron Corp.’s former chairman and chief executive Kenneth Lay lash out at the media, predatory short-sellers, and former chief financial officer Andrew Fastow, saying they were responsible for the company’s colossal demise.

“The Wall Street Journal was on a witch hunt for Andy Fastow and maybe Enron," Lay said.

Lay said although he intended to cooperate with a Journal inquiry in Sept. 2001 into Enron’s dubious accounting practices, he was advised against it by the company’s head of...
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