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Enron Founder Ken Lay Says He’s Innocent

The founder of Enron today maintained he’s innocent of wrongdoing related to the 2001 collapse of the company. Ken Lay spoke to about 800 business and academic leaders at the Houston Forum, criticizing the justice department’s tactics in pursuing him and others. Click to Listen Lay says as well as the money that former CFO […]

The founder of Enron today maintained he’s innocent of wrongdoing related to the 2001 collapse of the company. Ken Lay spoke to about 800 business and academic leaders at the Houston Forum, criticizing the justice department’s tactics in pursuing him and others.

Click to Listen

Lay says as well as the money that former CFO Andrew Fastow admitted stealing from Enron, it was possible misconduct by Fastow that provoked a loss of confidence, causing a run on the company’s treasury. Lay faces trial January 17th–alongside former Enron CEO Jeffrey Skilling and former top accountant Richard Causey. All have pleaded innocent. Lay, Skilling and Causey face counts of fraud, conspiracy, insider trading, lying to auditors and others.

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Ed Mayberry

Ed Mayberry

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Ed Mayberry has worked in radio since 1971, with much of his early career as a rock’n’roll disc jockey. He worked as part of a morning show team on album rock station KLBJ-FM, and later co-hosted a morning show at adult rock station KGSR, both in Austin. Ed also conducted...

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