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|11th May 2006||Fraud Investigation||Judge deals blow to Enron accused|
|The judge in the Enron trial has ruled that jurors can find the energy firm's former bosses guilty of deliberately avoiding knowledge of massive fraud.
The ruling has raised concerns among the defence team and legal experts.
Known as the "ostrich instruction", because it refers to a person sticking their head in the sand, the ruling means that prosecutors will need a lower burden of proof to be successful.
However, Mr Skilling's lawyers said that they were concerned by the judge's decision.
"We have never asserted the ostrich defence," said Mr Skilling's lawyer, Daniel Petrocelli.
"We have said all along this was not a case of hear no evil, see no evil. It was a case of there was no evil."
Legal experts said that another worry was that the prosecution has not followed a line of argument that would allow for this verdict.
Speaking to the New York Times, law professor Ellen Podgor said that instead of showing that Mr Lay and Mr Skilling shielded themselves from the truth, the prosecution has claimed they deliberately chose to mislead investors and staff.
"They have presented a case where this guy was on a soap box telling public lies," she explained.
Lawyers for Mr Lay and Mr Skilling rested their defence on Monday and jury deliberations are due to start next week. The trial has been running for 15 weeks.
During questioning that has often been emotional and combative, Mr Lay has portrayed himself as a trusting man who was let down by corrupt staff, especially former finance chief and prosecution witness Andrew Fastow.
|Other Reports on Enron|
|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|
|15th May 2006||Fraud Investigation||Enron||Enron bosses 'stole to pump egos'|
|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|
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