BusinessBusiness RecoveryFormer Enron chairman blames CFO for fraud

Former Enron chairman blames CFO for fraud

Kenneth Lay blames his finance officer Andrew Fastow entirely for the fraud that brought down energy giant

Former Enron chairman Kenneth Lay has blamed his finance officer Andrew
Fastow entirely for the fraud that brought down the energy giant in 2001.

Speaking at a business lunch in Houston just a month before his own trial,
Lay said his trust in Fastow was entirely misplaced and that he bitterly
regretted it.

Lay faces seven conspiracy and fraud charges concerning the collapse of the
company with multibillion-dollar debts, but has always protested his innocence.

Fastow pleaded guilty to similar criminal charges last year and is expected
to testify against Lay at his trial.

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