Former Enron CEO Jeffrey Skilling spoke up for company founder Kenneth Lay for the first time in the executives' fraud and conspiracy trial Wednesday, saying the two were a "good team" that never knowingly broke the law. Skilling also addressed one of the most notorious elements of the scandal that included Enron's swift descent into bankruptcy protection in December 2001: partnerships created and run by former Chief Financial Officer Andrew Fastow to conduct deals with the energy company.
April 13, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Former Enron Corp. CEO Jeffrey Skilling spoke up for company founder Kenneth Lay for the first time in the executives’ fraud and conspiracy trial Wednesday, saying the two were a “good team” that never knowingly broke the law.
The ex-CEO has focused on addressing prosecution testimony damaging to himself since he took the witness stand on Monday.
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