Skilling Pleads Not Guilty
by TChris
Jeff Skilling, former CEO of Enron, shook his head "no" and then entered "not guilty" pleas to 35 counts charging him with fraud, insider trading, cooking the books, and other crimes related to his alleged deception of Enron investors. Charges were also brought against former Enron chief accountant Rick Causey.
Former Chairman Ken Lay, for years the public face of the company and a close political ally of President Bush, has not been charged and was not mentioned in the Skilling indictment.
Skilling's attorney, Daniel Petrocelli, called Skilling a "scapegoat" and said that he had passed a lie detector test. Given the complexity of the charges and the massive amount of discovery that defense lawyers will need to review, this case is unlikely to proceed to trial any time soon.
| < Greetings from San Antonio | Grand Jury Subpoenas Craddick Records > |