Corp-Ethics Home
Log In | Register New User
Home Company Search Related Articles Forum (new!)

Company Enron [Company Info]
  Track this Company (an email will be sent to you everytime a report is filed about this company)

Date Issue Title
15th May 2006 Fraud Investigation Enron bosses 'stole to pump egos'

Report
Former Enron bosses Kenneth Lay and Jeffrey Skilling stole from investors both to line their pockets and stroke their egos, their trial has heard.

The comments came from prosecutors presenting their closing arguments at the court in Houston, Texas.

Prosecuting lawyer Kathy Ruemmler said the case centred around "the lies these men told and the choices they made".

Ms Ruemmler told the court on Monday that for both men "Enron was their ego".

"Make no mistake," she said. "There is absolutely nothing wrong with getting rich but you can't get rich by deception, by cheating."

The defence will make its closing arguments on Tuesday, and the jury is expected to begin its deliberations on Wednesday.

Mr Skilling, 52, Enron's one-time chief executive, faces 28 counts of fraud and conspiracy.

Mr Lay, 64, the firm's founder and former chairman, is charged with six such offences.

Both could be sentenced to more than 30 years in jail if convicted.

Other Reports on Enron
Date Issue Company Report
26th Sep 2006 Fraud Investigation Enron Fastow gets six-year term
13th Aug 2006 Fraud Investigation Enron Prosecutors raise Enron boss fine
25th May 2006 Fraud Investigation Enron Lay and Skilling guilty
11th May 2006 Fraud Investigation Enron Judge deals blow to Enron accused
26th Apr 2006 Fraud Investigation Enron Enron feared witch hunt, Lay says
24th Apr 2006 Fraud Investigation Enron Lay 'devastated' by Enron failure
18th Apr 2006 Fraud Investigation Enron Skilling defends Enron share sale
13th Apr 2006 Fraud Investigation Enron Skilling slams Enron prosecutors
12th Apr 2006 Fraud Investigation Enron Enron 'held no cookie jar fund'
11th Apr 2006 Questionable Practice Enron Skilling denies cover-up at Enron
10th Apr 2006 Fraud Investigation Enron I'm innocent says ex-Enron chief
3rd Apr 2006 Fraud Investigation Enron Key Enron witness 'lied in court'
22nd Mar 2006 Fraud Investigation Enron Enron treasurer tells of 'lies'
16th Mar 2006 Fraud Investigation Enron Enron whistleblower condemns Lay
14th Mar 2006 Fraud Investigation Enron Key Enron witness 'duped bosses'
9th Mar 2006 Fraud Investigation Enron Lay 'lied about Enron finances'
7th Mar 2006 Fraud Investigation Enron Enron bosses hid massive losses
1st Mar 2006 Fraud Investigation Enron Enron 'pretty fast and loose with its rules'
27th Feb 2006 Fraud Investigation Enron Enron money man 'raided reserves'
13th May 2005 Fraud Investigation Enron Former Enron executive sentenced
9th Jan 2005 Fraud Investigation Enron Enron bosses agree $168m payout
3rd Nov 2004 Fraud Investigation Enron Convictions in Enron fraud trial
28th Jun 2004 Other Issue Enron Enron ex-boss breaks his silence

Related Reports from the Utilities Industry
Company Issue Report
Westar Energy Fraud Investigation Ex-Westar CEO Wittig Gets 18-Year Sentence
British Gas Questionable Practice British Gas staff mis-sold deals, says regulator Ofgem
Powergen Questionable Practice Powergen fined over unfair policy
National Grid Other Issue Threat of $20m fine for Blackouts
British Gas Questionable Practice British Gas complaints 'double'
 
Contact Us | Terms of Service | Privacy Policy | Add Report | Links
© 2006 Corp-Ethics.com | Corporate Ethics