babble home - news for the rest of us
today's active topics

Post New Topic  Post A Reply
FAQ | Forum Home
  next oldest topic   next newest topic
» babble   » current events   » national news   » Kenny-boy Lay's trial begins (Enron)

Email this thread to someone!    
Author Topic: Kenny-boy Lay's trial begins (Enron)
Babbler # 1885

posted 31 January 2006 12:40 PM      Profile for Briguy     Send New Private Message      Edit/Delete Post  Reply With Quote 
Given the high priced lawyers involved and the complicated nature of the defence, Kenny-boy will probably be convicted just in time for Bush to deliver an outgoing presidential pardon.

Enron fraud trial set to kick off (BBC)

Mr Lay and Mr Skilling's defence is expected to be that they simply did not know about the giant fraud, which was instead carried out by more junior staff, led by former finance chief Andrew Fastow.

Jeff Skilling, right, with his defence lawyer Daniel Petrocelli

Mr Fastow struck a plea bargain with the authorities last year in return for a reduced sentence and is expected to give evidence against the two men.

Mr Lay said after jury selection on Monday that he was simply looking forward to the trial getting started.

"My fate and Mr Skilling's fate is in the jury's hands," said Mr Lay, who had arrived at court arm in arm with his wife Linda.

"Now we can get on with the business of proving our innocence."

*guffaw* at the bolded statement.

Their defence is essentially that they had no idea what was going on within the company they headed. Don't send us to jail because we were too incompetent to do our jobs! For which we got paid 7 figure salaries (with bonuses)!

Oh look. He has media-savvy lawyers.

The decision to put up a Web site in July 2004 was made by Lay's legal defense team as part of their strategy to "get everything in the public as soon as possible" in an effort to combat media spin, Ramsey said.

Also posted on the site are court filings made by Lay's lawyers, footage from press conferences and the text of speeches that Lay has made since his arrest. But unlike similar sites, it has no link to an e-mail address for Lay.

Using the Internet as part of an accused corporate criminal's public relations strategy is relatively new. Ramsey has been practicing law for 40 years and said this was the first time he had used a Web site for a client.

"It appears that the rules of defending high-profile business persons accused in white-collar crimes are being rewritten," Ross Albert, a partner at Morris, Manning & Martin in Atlanta, who worked as an attorney at the U.S. Securities and Exchange Commission, said. "Under the old rules, you didn't say anything publicly."

From: No one is arguing that we should run the space program based on Physics 101. | Registered: Nov 2001  |  IP: Logged

All times are Pacific Time  

Post New Topic  Post A Reply Close Topic    Move Topic    Delete Topic next oldest topic   next newest topic
Hop To:

Contact Us | | Policy Statement

Copyright 2001-2008