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Lay and Skilling gamble on taking stand in Enron trial
The Associated Press reports Kenneth Lay and Jeffrey Skilling faced a high-risk gamble choosing to testify in their four month fraud and conspiracy trial. Both were convicted on multiple counts and face lengthy prison terms with sentencing set for September. Jurors questioned their credibility while experts argued that Lay’s aggressive stand may have backfired, altering perceptions of leadership at Enron.
MENTIONED IN THIS ARTICLE
Houston
Kenneth Lay
Enron Corp
Jeffrey Skilling
Lay
Enron
Wendy Vaughan
Skilling
Greg Markel
Cadwalader, Wickersham & Taft LLP
Deborah Smith
David Berg
Igator
Berg