Enron Trial: Tale of Two Businesses
by: Capella Tucker, February 1, 2006 5:02:00 am
The prosecution talked of a company that had huge losses it was hiding from investors and the public. But defense attorneys said Enron was a great success story that changed the energy field.
Prosecutors told the jury to focus on what they say were the lies told about Enron by the top two executives, Ken Lay and Jeffrey Skilling. Defense attorneys encouraged the jury to dive into the accounting to really understand what was happening in Enron.
While prosecutors said Enron collapsed because of side deals and accounting schemes. Defense attorneys told jurors that Enron collapsed in a matter of weeks because of a market panic that led to a run on the bank at Enron.
The jury will hear from the first witness in the case today. Capella Tucker, Houston Public Radio News.