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Ken Lay Waits for Trial Decisions

For Ken Lay, it’s a waiting game now. His personal banking trial has ended, and the jury deliberating the larger fraud and conspiracy case convenes again this morning . Houston Public Radio’s Ed Mayberry reports. Aired 5/24/06 during the KUHF Morning Business Report/ Click to Listen Lay won’t hear U.S. District Judge Sim Lake’s decision […]

For Ken Lay, it’s a waiting game now. His personal banking trial has ended, and the jury deliberating the larger fraud and conspiracy case convenes again this morning . Houston Public Radio’s Ed Mayberry reports. Aired 5/24/06 during the KUHF Morning Business Report/

Click to Listen

Lay won’t hear U.S. District Judge Sim Lake’s decision on the bank chargesuntil the jury returns with a verdict on the original Enron fraud andconspiracy charges.

Lay has admitted in his testimony that he did not follow provisions of loandocuments that prohibited him from using bank loans to buy stock on margin.

Prosecutor Sean Berkowitz said Lay got caught with his hand in the cookiejar.

Defense attorney Mac Secrest noted that bankers never complained.

The jury in the fraud and conspiracy case will spend a fifth day consideringsix counts against Lay and 28 counts against Jeff Skilling.

Ed Mayberry, Houston Public Radio News.

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Ed Mayberry

Ed Mayberry

News Anchor

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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