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Enron Trial: Ken Lay Returns to Stand Monday

Enron founder Ken Lay will return to the stand on Monday to complete his cross examination in his fraud and conspiracy trial with co-defendant Jeff Skilling. Houston Public Radio’s Ed Mayberry reports. Aired 4/28/06 during the KUHF Morning Business report. Prosecutor John Hueston established that amendments to Lay’s employment agreement were supposed to be attached […]

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Enron founder Ken Lay will return to the stand on Monday to complete his cross examination in his fraud and conspiracy trial with co-defendant Jeff Skilling. Houston Public Radio’s Ed Mayberry reports. Aired 4/28/06 during the KUHF Morning Business report.

Prosecutor John Hueston established that amendments to Lay’s employment agreement were supposed to be attached to Enron’s 10-K report to the Securities and Exchange Commission. Those amendments would have shown that Lay had been selling Enron stock back to the company, which Hueston said investors would like to have known. But they were not attached.

Defense attorney Daniel Petrocelli said he’s tired of non-indictment issues being brought up.

Lay said he takes responsibility for the collapse of Enron as C-E-O, but he said he can’t take responsibility for the criminal activities of others.

Ed Mayberry, Houston Public Radio News.

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