© 2023 KZYX
redwood forest background
Mendocino County Public Broadcasting
Play Live Radio
Next Up:
Available On Air Stations
Due to CalFire work at our primary transmission site, we will be experiencing periodic outages lasting approx. 30 minutes on various days of the week. We apologize for the inconvenience.

Enron: On the Prosecution's List

Former Enron executives Kenneth Lay and Jeffrey Skilling are on trial in Houston for one of the biggest corporate upsets in U.S. history. Federal prosecutors, who've charged Lay and Skilling with multiple counts of fraud and conspiracy, argue the pair hid the company's troubles from investors and are to blame for the energy giant's implosion in December 2001. Its collapse wiped out more than 5,000 jobs and a billion dollars in retirement savings.

The defense says there was no overarching conspiracy to lie to investors, and that a business failure is not a crime. Below, profiles of the defendants, and a look at some of the key witnesses on the prosecution's list:

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Wade Goodwyn is an NPR National Desk Correspondent covering Texas and the surrounding states.