Former Enron Treasurer Ben Glisan, Jr., testifies in the fraud and conspiracy trial of Ken Lay and Jeff Skilling. Houston Public Radio’s Ed Mayberry reports. Aired 3/23/06 during Houston Public Radio’s Afternoon Business Report.
Good afternoon. I’m Ed Mayberry, Houston Public Radio Business News.
Former Enron treasurer Ben Glisan, Jr., has testified that Jeff Skilling or Ken Lay knew about accounting misdeeds at Enron, but he has not been able to back his claims with a paper trial or other proof. He conceded much of what he has testified about is from inferred knowledge, based on conversations with former CFO Andy Fastow and chief accountant Rick Causey.
Defense attorney Daniel Petrocelli placed binders with paperwork concerningRaptors deals in a stack about two feet high in front of Glisan. He was trying to demonstrate that those agreements were complicated and confirm they had been scrutinized by accountants and lawyers inside and outside ofEnron. Glisan has said the defendants were aware the Raptors were being used to help hide losses, but Petrocelli is suggesting those financial vehicles were legitimate.
Ken Lay’s attorney Bruce Collins reiterated that Glisan’s claims about Lay were not backed up by e-mails, notes or other proof.
The trial has just passed its 30th day, and U.S. District Judge Sim Lake said that qualifies the jury for a raise–from $40 to $50 a day. The trial resumes Monday morning.
That’s business news. I’m Ed Mayberry, Houston Public Radio.