Trial of Kenneth Lay and Jeffrey Skilling explained

The trial of Kenneth Lay, former chairman and CEO of Enron, and Jeffrey Skilling, former CEO and COO, was presided over by federal district court Judge Sim Lake in the Southern District of Texas in 2006 in response to the Enron scandal.

Timeline

Witnesses

(see U.S. DOJ list)

In order of appearance:

Lawyers

Defense

Prosecution

Outcome

The jury rendered its verdict on May 25, 2006. Sentencing took place on October 23, 2006.

In a separate bench trial, Judge Sim Lake ruled that Lay was guilty of four counts of fraud and false statements. These counts were also vacated because of Lay's death.[2]

References

  1. Web site: 2006-02-01 . Lawyers deny Enron cooked books . 2023-10-19 . East Bay Times . en-US.
  2. News: Lay and Skilling's day of reckoning: Enron ex-CEO and founder convicted on fraud and conspiracy charges; sentencing slated for September . 25 May 2006 . CNNMoney.com . Shaheen . Pasha . Jessica . Seid.
  3. News: Prosecution witness: Enron dipped into reserves to drive up earnings. Houston Business Journal . 27 February 2006.
  4. Web site: SEC Charges Former Chief Executive Officer of Enron North America and Enron Energy Services with Violating Federal Securities Laws. 30 October 2003.
  5. News: Lozano . Juan . Skilling Sentenced to 24 Years in Prison . AP via CBS News. 23 October 2006.
  6. News: Lozano. Juan. U.S. Court Orders Skilling Resentenced. AP via Washington Post. 7 January 2009. 18 March 2009.
  7. Web site: U.S. appeals court upholds Jeff Skilling conviction. Reuters. April 6, 2011. 2011-06-13.
  8. News: Fowler . Tom . Judge vacates conviction of Ken Lay . Associated Press . 17 October 2006 . 2010-03-02 .

External links