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Company Enron [Company Info]
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Date Issue Title
3rd Apr 2006 Fraud Investigation Key Enron witness 'lied in court'

Report
A key prosecution witness lied about taking part in Enron-related crimes, an assistant of former Enron chiefs Ken Lay and Jeffrey Skilling has said.

Joannie Williamson told defence lawyers Mark Koenig admitted he had pleaded guilty to crimes he did not commit.

The defence team has repeatedly claimed fear of prosecution had pushed many Enron executives to plead guilty.

Ms Williamson told the court she did not believe Mr Koenig - a close friend and former boss - was guilty even though he had previously told jurors he "pled guilty because I am guilty".

She explained that he had made a telephone call to her on the day he pleaded guilty to aiding and abetting securities fraud and lying about the energy giant's finances.

"I said 'You're not guilty,' and he said 'I know that, but in order for this to work everybody needs to believe that I am'," she told the court in Houston.

Ms Williamson was the first defence witness to take the stand in the case.

Other defence witnesses who faced the court on Monday included former analysts Scott Stoness and Diann Huddleson who worked for Enron's energy retail unit - Enron Energy Services (EES).

Mr Stoness dismissed prosecution claims that in May 2001 Mr Skilling had approved a plan to hide $200m in losses at EES.

According to Mr Stoness, Enron was unaware the unit would make a loss at the division until two months later and that the eventual losses came in at $170m.

Meanwhile, Ms Huddleson denied allegations that EES was in disarray as witnesses for the prosecution had claimed.

Contrary to prosecution claims the firm persistently called on utility firms to pay their bills and also had reserves of up to $400m to cover any unpaid bills.

Lawyers for the defence have said Mr Skilling could offer his side of the case as early as this week.

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