A former high-ranking Enron trading and retail energy executive testified Wednesday that he, Chief Executive Jeffrey Skilling and others lied about the company's financial health as part of a conspiracy to defraud investors. "As a management team, we did lie," David Delainey said, sticking to damaging testimony under cross-examination from Skilling lawyer Daniel Petrocelli in the fifth week of the fraud and conspiracy trial of Skilling and Enron founder Kenneth Lay.
March 02, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A former high-ranking Enron trading and retail energy executive testified Wednesday that he, Chief Executive Jeffrey Skilling and others lied about the company’s financial health as part of a conspiracy to defraud investors.
“As a management team, we did lie,” David Delainey said, sticking to damaging testimony under cross-examination from Skilling lawyer Daniel Petrocelli in the fifth week of the fraud and conspiracy trial of Skilling and Enron founder Kenneth Lay.
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