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Fastow Testifies Lay Knew of Enron’s Problems

Fastow Testifies Lay Knew of Enron’s Problems

by Rick Turoczy on March 8, 2006

Andrew S. Fastow, the onetime chief financial officer of Enron, provided some of the strongest evidence yet linking Kenneth L. Lay, the company’s founder and former chief executive, to a conspiracy to defraud investors. But Mr. Fastow’s statements, coming in the sixth week of the trial of Mr. Lay and Jeffrey K. Skilling, another former chief executive, were almost lost under a searing cross-examination by Daniel Petrocelli, Mr. Skilling’s lead lawyer.

Fastow Testifies Lay Knew of Enron’s Problems

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