At his fraud trial Tuesday, former Enron Corp. Chairman Kenneth Lay recounted the events of September and October 2001, including a series of articles by The Wall Street Journal about former CFO Andrew Fastow’s relationship with LJM that he claims led to a loss in investor confidence and the company’s bankruptcy.
“The Wall Street Journal was on a witch-hunt for Andrew Fastow and perhaps LJM,” Lay, 64, said under direct examination by defense attorney George McCall “Mac” Secrest. “But we weren’t aware of Andrew Fastow doing anything inappropriate.”
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