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Enron prosecutor vows insider glimpses

Feb. 1, 2006 at 8:15 AM   |   Comments

HOUSTON, Jan. 31 (UPI) -- The prosecutor in Houston's trial of two former Enron Corp. leaders promised jurors Tuesday he would spell out the sleaze that brought down the company.

Ken Lay, Enron's founder, and Jeff Skilling, its president, are on trial for fraud and conspiracy in the energy company's 2001 collapse, the Houston Chronicle said.

"You will see that defendants Lay and Skilling knew key facts about the true condition of Enron, facts that the investing public did not know," prosecutor John Hueston told the 16-member panel.

Hueston said the defendants lied to support their own stock holdings and lied to investors. He added that the victims in this case, including the investing public and employees, did not know what Lay and Skilling knew.

"This is a simple case, it is not about accounting, it is about lies and choices," Hueston said.

The trial, which began Monday, is expected to last into the spring.

© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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