Lay Takes the Stand
Enron founder Kenneth L. Lay took the stand in his defense against six fraud counts this morning around 8:40 a.m. CT.
Asked by his defense lawyer what it's been like to sit in the courtroom for the past 13 weeks and watch the trial, Lay said, "It's been interesting. A lot of interesting testimony, a lot of interesting people, a lot of allegations, a lot of lies, a lot of misinformation and some truth."
He immediately proclaimed his innocence of all securities fraud and wire fraud charges. They stem largely from the period of August 2001, when Lay took over as chief executive after former chief executive Jeffrey K. Skilling abruptly quit, to December 2001, when Enron declared bankruptcy.
"Not only have I pursued the American dream, I have achieved the American dream and in the last few years, I have achieved the American nightmare," Lay said.
By Frank Ahrens |
April 24, 2006; 10:04 AM ET
| Category:
Dispatches
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Posted by: NS | April 24, 2006 01:29 PM
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I think all the people who are the defendants should rot in prison for the rests of their lives b/c they ruined so many families.