Following a string of high-profile witnesses, nearly all of whom were former
senior executives at Enron, government prosecutors have rested their cases
against former CEO’s Ken Lay and Jeff Skilling.
They also dropped a number of charges against Lay and Skilling with the
former now facing six counts of conspiracy and fraud, and the latter, 28 cases
of fraud, conspiracy and insider trading.
In a final assault against the two former chiefs, prosecutors revealed that
the two defendants were paid a combined salary of nearly $375m (£210m) between
1999 and 2001.
The defence begins making its case – that Lay and Skilling had no part in the
financial scandal that led to demise of the energy giant – on Monday.
Enron collapsed in December 2001 after disclosures that it falsified accounts
to hide debt and inflate profits.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016