Enron Trial: Defense to Present Closing Arguments

The prosecution has presented its closing arbuments, and now the defense will have its final work in the fraud and conspiracy trial of two Enron executives. Houston Public Radio's Ed Mayberry reports. Aired 5/16/06 during the KUHF Morning Business Report.

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Prosecutor Kathryn Ruemmler told jurors that Ken Lay and Jeff Skilling repeatedly lied to employees and investors about Enron's financial health.

Ruemmler reminded jurors of the Global Galactic Agreement, detailing secret side deals between former chief financial officer Andy Fastow and former chief accountant Rick Causey. The defense alleges the handwritten agreement was fabricated, but Ruemmler said calendar dates prove that meetings were held to discuss the document.

Lay attorney Mike Ramsey said the government spent a lot of time discussing issues that weren't in the indictments.

Skilling attorney Daniel Petrocelli will present final arguments for the defense this morning, and no fewer than four attorneys will speak for Lay. Prosecutor Sean Berkowitz gets a three-hour rebuttal on Wednesday, and then the case goes to the jury.

Ed Mayberry, Houston Public Radio News.

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