A judge ruled Thursday that Enron founder Kenneth Lay's trial on charges related to his personal banking will be held next year, though prosecutors wanted it to begin as early as next month. Lay is accused of lying to banks about his intention to use their loans to buy Enron stock on margin before the company crashed in December 2001. Lay requested a bench trial while jurors deliberate the verdict of a larger fraud and conspiracy case against him and Enron's former CEO and top accountant.
April 22, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Enron founder Kenneth Lay’s trial on charges related to his personal banking will be held next year, a judge decided Thursday.
Lay is accused of lying to banks about his intention to use their loans to buy Houston-based Enron stock on margin before the company crashed in December 2001. Prosecutors had wanted the trial to begin as early as next month.
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