Key Enron prosecution witness this week

March 6, 2006 at 4:11 PM

HOUSTON, March 6 (UPI) -- The star prosecution witness in the Houston trial of Enron Corp.'s former leaders is expected to give his testimony this week.

Ken Fastow, Enron's chief financial officer until 2001, reached a plea with federal prosecutors for a shortened prison term in exchange for testifying against Enron founder Ken Lay and former president Jeff Skilling.

Fastow is expected to testify this week, most likely Tuesday, the Houston Chronicle said.

Prosecutors will try to use Fastow's testimony to support conspiracy charges Lay and Skilling face, and corroborate testimony that attempted to show that the pair committed securities and wire fraud in false statements made to investors, analysts and employees.

Related UPI Stories
Latest Headlines
Trending Stories
Walgreens to sell heroin overdose antidote naloxone without prescription
Hospital mortality drops with lower patient-to-nurse ratio
Kanye West under fire after Bill Cosby tweet
Plus-size model Ashley Graham nabs Sports Illustrated swimsuit spread
IKEA issues recall after glass ceiling lamps crash to ground