This Lawyer Is Working FOR You?
Is there a point at which "folksy" crosses over the line into "seemingly clueless?"
Defense lawyer George "Mac" Secrest is questioning his client, Kenneth L. Lay, on redirect examination now about something called TCV -- Total Contract Value -- as a way of measuring how well Enron's Energy Services business was doing. EES was an idea that Enron had to take over the energy services of businesses such as shopping malls. The government maintains that it was never a real business and Enron was booking anticipated future profits in the present as a way of propping up the company.
Secrest just tried to bring up the matter and the government objected, saying it had already been covered. Secrest, trying to persuade the judge to let him admit it because it was important to explain to jurors, said: "I still don't understand the concept, your honor, and I'm talking about it now," Secrest said.
By Frank Ahrens |
May 2, 2006; 10:11 AM ET
| Category:
Dispatches
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Posted by: ernstge | May 2, 2006 10:55 AM
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There can only be one realistic plan regarding Lay's testimony. That is that he will appeal his conviction based on lack of competent counsel. I suspect they are not so stupid after all. It's all part of the plan. No one makes the kind of money Lay did (or his attorney) and still be that stupid.