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Enron Trial Judge Grants Prosecution Motion to Drop Four Charges

The prosecution in the Enron case rested today. US District Judge Sim Lake granted prosecutors motion to drop four charges. Houston Public Radio’s Capella Tucker reports Prosecutors says they are streamlining the case. Defense attorneys say there was no evidence. Former Enron CEO Jeff Skilling still faces 28 charges and Founder Ken Lay now faces […]

The prosecution in the Enron case rested today. US District Judge Sim Lake granted prosecutors motion to drop four charges. Houston Public Radio’s Capella Tucker reports

Prosecutors says they are streamlining the case. Defense attorneys say there was no evidence. Former Enron CEO Jeff Skilling still faces 28 charges and Founder Ken Lay now faces six charges. Prosecutors used 22 witnesses during nearly nine weeks of testimony. The last hours of testimony focused on the insider trading charges against Skilling. Lay is not charged with insider trading but the last witness talked about Lay’s lines of credit with Enron. Jurors were told Lay drew down sums of money and repaid it with Enron stock. Lay’s attorney Mike Ramsey attacked how the prosecutors ended their case.

“The story is about the unique situation where the government ended their case with an allegation that does not exist. Ken’s not charged with insider trading and yet they ended the case having to do with something that at least is in nature of such an allegation. That is unheard of in my experience.”

Both Lay and Skilling are expected to take the stand. Through their attorneys both say they look forward to telling their side of the story. The defense has narrowed the witness list down to 100. The defense is expected to take about four weeks. Capella Tucker, Houston Public Radio Business News.

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