Jurors will convene for a fourth day of deliberations in the fraud and conspiracy trial of Ken Lay and Jeff Skilling. Meanwhile, Enron founder Ken Lay gave testimony in his separate personal banking trial. And in another court, in the re-trial of two former Enron Broadband executives, the case has gone to the jury. Houston Public Radio’s Ed Mayberry reprots. Aired 5/23/06 during the KUHF Morning Business Report.
Jurors sent the judge a note asking for a speaker system for playing audio and video tape evidence. The eight-woman, four-man panel is considering six counts of fraud and conspiracy against Lay and 28 counts against Skilling.
In a separate bench trial, Lay took the stand in his own defense. He acknowledged violating federal rules covering loan agreements when he purchased stock with loan money. But Lay said he never intended the actions to be fraudulent, and the rules he broke regarding buying margin stock with credit lines were confusing, he said, and “not intuitive.” He paid back all the loans.
Judge Lake said he will not announce his verdict until the jury issues a verdict on the original charges.
Meanwhile, the Enron Broadband case has gone to the jury. Kevin Howard and Michael Krautz are being tried on four counts of conspiracy to commit wire fraud and falsify records. Their first trial with three other defendants ended in a mistrial.
Ed Mayberry, Houston Public Radio News.