Congress hearing cites Enron CEO Skilling and Lay woes
Senate Commerce hearing features William Powers Jr of UT law school outlining Enron debt off balance sheet schemes. Powers testifies Lay approved partnerships and a dual role for Andrew Fastow, while Lay invokes the Fifth. House panel aims to question Sherron Watkins with a friendly subpoena.
MENTIONED IN THIS ARTICLE
Washington
Congress
Enron Corp
Kenneth Lay
Lay
Senate
Enron
Wall Street
William Powers
University of Texas Law School
U.S
Energy Trading
Powers
Senate Commerce Committee
Andrew Fastow
Jim Greenwood
R-Pa
House
Sherron Watkins
Watkins
Philip Hilder
Andersen
Linda
Jeffrey Skilling
Skilling
Lay invokes Fifth Amendment in Enron probe
Kenneth Lay becomes the sixth person to plead the Fifth in the Enron investigation. He cites constitutional rights to avoid testifying after a tense Senate session where lawmakers questioned his actions and leadership. Lay defended his stance despite anger and framed silence as protection of due process.
MENTIONED IN THIS ARTICLE
Enron
Kenneth Lay
Lay
Skilling
Powers
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