To hear Enron founder and CEO Ken Lay and his lawyers tell it in the courtroom, the troubles at Enron were everybody else's doing — vulture investors and scheming hedge fund; Wall Street Journal on a witch hunt.
He couldn't sell his three homes in Aspen or his three homes in Galveston fast enough to keep up with the collapse, said Lay. The former Enron treasurer who testified against him was a liar and "performing monkey." His own son's short-selling of stock in the sinking Enron ship was a shock. It may help put the father away for life.
Hear about the big dogs of Enron on trial in Houston and what we've learned, in the courtroom and beyond, since Enron blew up.
Mary Flood, Reporter for Houston Chronicle
Robert Mintz, Head of the Securities Litigation, Governmnet Investigations and White Collar Criminal Defense group at McCarter & English in Newark, NJ and Former Federal Prosecutor
John Coffee, Professor of Law at Columbia Law School
Kirk Hanson, Professor and Executive Director of Markkula Center for Applied Ethics at Santa Clara Univesity
Melody Gray, former Enron employee.
This program aired on April 28, 2006.