Enron’s former chief accounting officer will not be called by the government to testify in the fraud and conspiracy trial of Jeff Skilling and Ken Lay. Houston Public Radio’s Ed Mayberry reports. Aired 5/5/06 during the KUHF Morning Business News Report.
Rick Causey was indicted along with Lay and Skilling, but pleaded guilty inDecember rather than go to trial. The government said it will not call Causey, but plans to call ten other witnesses over about two days during its rebuttal case.
U.S. District Judge Sim Lake had decided to allow the government to readDavid Duncan’s testimony from the Arthur Andersen trial concerning document shredding and his Grand Jury testimony, in addition to what the defense wanted read, so the defense decided not to read any of his testimony into the record.
Ken Lay told reporters things are winding down.
Texas Christian University economics professor Christopher Barry—Thursday’s last witness–was asked how a company as big as Enron could collapse so spectacularly. He said it was a classic “run on the bank,” echoing the testimony of Lay and Jeff Skilling.
The defense plans to rest its case by next Tuesday, and Judge Lake said he hopes to send the case to the jury by lunchtime May 17th.
Ed Mayberry, Houston Public Radio News.