Jeffrey Skilling's lawyer painstakingly challenged whether the former chief executive gave secret guarantees that partnerships run by CFO Andrew Fastow wouldn't lose money if the two men pretended to buy weak Enron assets to help the company manipulate earnings. Daniel Petrocelli asked whether there was "any piece of paper, any e-mail, any notes written on the back of a business card, anything" that documented the conversations with Skilling. "I can't recall any specific document," Fastow answered.
March 10, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Jeffrey Skilling’s lawyer painstakingly challenged whether the former chief executive gave secret guarantees that partnerships run by Chief Financial Officer Andrew Fastow wouldn’t lose money if the two men pretended to buy weak Enron assets to help the company manipulate earnings.
Fastow, whose testimony has been highly anticipated, underwent a second day of intense cross-examination Thursday in the conspiracy and fraud trial of Skilling and Enron founder Kenneth Lay.
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