EXCLUSIVE: Former Enron President May Soon Be Indicted By Federal Investigators
What did Skilling know?
Evidence suggests that the former Enron president knew more than he led Congress to believe when he testified.
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By Jason Leopold
Salon.com
June 20, 2002 | Now that federal prosecutors have secured a guilty verdict against accounting firm Arthur Andersen for shredding crucial documents related to Enron's finances, the Department of Justice is expected to turn its attention to Enron, with possible indictments against former executives coming soon for violating federal fraud statutes.
According to sources close to the Justice Department's probe, former Enron president Jeffrey Skilling is facing particular scrutiny. And Exhibit A against him could be testimony he gave before Congress in February, when he claimed he knew little about one of Enron's byzantine partnerships.
"Congressman, Enron Corporation was an enormous corporation. Could I have known everything going on everywhere in the company? I had to rely on the best people. We hired the best people. We had excellent, excellent outside accountants and law firms that worked with us to ensure," Skilling testified. "At no time did I enter into any transaction or was I personally involved in any transaction that I believed was not fully in the interest of Enron shareholders."
What did Skilling know?
Evidence suggests that the former Enron president knew more than he led Congress to believe when he testified.
- - - - - - - - - - - -
By Jason Leopold
Salon.com
June 20, 2002 | Now that federal prosecutors have secured a guilty verdict against accounting firm Arthur Andersen for shredding crucial documents related to Enron's finances, the Department of Justice is expected to turn its attention to Enron, with possible indictments against former executives coming soon for violating federal fraud statutes.
According to sources close to the Justice Department's probe, former Enron president Jeffrey Skilling is facing particular scrutiny. And Exhibit A against him could be testimony he gave before Congress in February, when he claimed he knew little about one of Enron's byzantine partnerships.
"Congressman, Enron Corporation was an enormous corporation. Could I have known everything going on everywhere in the company? I had to rely on the best people. We hired the best people. We had excellent, excellent outside accountants and law firms that worked with us to ensure," Skilling testified. "At no time did I enter into any transaction or was I personally involved in any transaction that I believed was not fully in the interest of Enron shareholders."
posted by Jasonleopoldwasright | 8:14 PM
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