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Prosecutor Grills Skilling In Enron Trial
Lay Gives Skilling Good Reviews
POSTED: 7:20 am MST April 19,
2006
UPDATED: 7:34 am MST April 19,
2006
HOUSTON -- Jeffrey Skilling didn't lose his temper on the stand on Tuesday, but the ex-CEO appeared to be seething during testimony in the Enron trial. Federal prosecutor Sean Berkowitz pushed Skilling about bad investments held in off-the-books structures. Prosecution witnesses have said the strategy was used to hide losses. Skilling occasionally answered with sarcasm or tried to give long explanations, but Berkowitz prompted him for "yes" or "no" or short answers. The government said Enron's obsession with meeting or beating Wall Street expectations led executives to hide losses and inflate earnings. But Skilling testified on Tuesday that "every company tries to hit their earnings targets."
The Houston-based energy giant collapsed into bankruptcy amid scandal in late 2001. Skilling and Enron founder Kenneth Lay are charged with fraud and conspiracy. The federal fraud and conspiracy trial is in its 12th week.Lay, who was expected to begin testifying next week, gave high marks to Skilling for his testimony so far. "I think Mr. Skilling did a great job today," Lay said Tuesday.Skilling faces 28 counts of fraud, conspiracy, insider trading and lying to auditors for allegedly lying about Enron's financial strength.Lay faces six counts of fraud and conspiracy for perpetuating the alleged scheme after Skilling resigned in August 2001.They say they did nothing wrong.
Previous Stories:
- April 14, 2006: Angry Skilling Lashes Out At Enron Prosecutors
- April 11, 2006: Skilling To Enron Jury: 'I Am Absolutely Innocent'
- April 10, 2006: Ex-CEO Skilling Takes Stand In Enron Trial
- April 6, 2006: Skilling Expected To Take Stand Friday
- April 5, 2006: Enron Defense Continues To Build Case
- April 3, 2006: Defense Begins Case In Enron Trial
- March 28, 2006: Enron Judge Drops 3 Counts Against Skilling, 1 Against Lay
- March 27, 2006: Defense Chips Away At Ex-Enron Treasurer's Testimony
- March 23, 2006: Ex-Enron Treasurer Says Lay, Skilling Misled Investors
- March 15, 2006: Whistleblower Watkins Takes Stand In Enron Trial
- March 14, 2006: Defense Paints Enron's Fastow As Greedy Liar
- March 8, 2006: Skilling Lawyer Attacks Greed Of Ex-Enron CFO
- March 7, 2006: Ex-Enron CFO Fastow Faces Former Bosses
- March 3, 2006: Enron Witness Quotes Skilling: 'They're On To Us'
- February 2, 2006: Ex-Enron Exec Says Company Cooked Books
- February 1, 2006: Witness: Enron Execs Very Involved In Running Co.
- January 31, 2006: Prosecutor: Enron Trial About 'Lies And Choices'
- January 30, 2006: Enron Jury Selected
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