Federal prosecutors want Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling to fork over nearly $183 million in light of their convictions for perpetuating one of the biggest corporate frauds in U.S. history.
The Snohomish County Public Utility District does not have to pay more than $120 million for canceling its contract with bankrupt energy giant Enron Corp., federal regulators declared Wednesday.
The European Court of Human Rights on Tuesday refused to halt extradition proceedings against three British bankers wanted in the United States on Enron-related fraud charges.
The energy minister said Friday that he's seeking criminal charges against ex-President Gonzalo Sanchez de Lozada and others for allegedly cheating the state in a gas pipeline investment deal.
Former Enron Corp. President Jeffrey Skilling says he contemplated suicide after his company crumbled and authorities began to ratchet up legal pressure on him.
Lawyers for Jeffrey Skilling have asked the government to release $60 million in assets under its control, citing the former Enron Corp. CEO's acquittal on insider trading charges connected to the funds.
Of two former Enron Corp. broadband executives to be retried on fraud and conspiracy charges in the wake of a hung jury last year, one faces prison and the other is free.
Jurors on Wednesday rendered a split verdict in the retrial of two former executives from Enron Corp.'s defunct broadband unit, convicting one while acquitting the other of all charges.
For more than two years, Kenneth Lay portrayed his prosecution as a witch hunt that rose from the rubble of Enron Corp. It was no secret that he planned to testify in his own defense.
Just how much time former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling spend in prison could hinge on how much of the more than $60 billion lost in the company's crash is deemed their responsibility.
A chronology of Enron Corp. and criminal cases emerging from its collapse:
After hearing Thursday that Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling had just been convicted of conspiracy to commit securities and wire fraud, former employees' reactions ranged from elation to satisfaction to indifference.
Kenneth Lay and Jeffrey Skilling were known as visionaries, hands-on executives, corporate titans directing the high-flying ship at Wall Street darling Enron Corp. Add another title: convicted felons.
Here is a list of the people charged in connection with the Enron scandal since it erupted in December 2001, and the status of their cases:
Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling were convicted Thursday of conspiracy to commit securities and wire fraud in one of the biggest business scandals in U.S. history.
Jurors in the retrial of two former executives from Enron Corp.'s defunct broadband unit have yet to reach a verdict, the same as another federal panel deliberating the fates of their former bosses, company founder Kenneth Lay and one-time CEO Jeffrey Skilling.
A federal judge gave final approval Wednesday for three more banks to pay $6.6 billion to settle civil claims that they helped Enron Corp. manipulate earnings.
Kenneth Lay now is awaiting the outcome of two criminal cases.
Two former executives from Enron Corp.'s defunct broadband unit were left in limbo last year when a jury couldn't decide whether they conspired to break accounting rules so the energy giant could book bogus earnings. Now a new jury is deliberating their fates.
Jurors completed a third day of deliberations Monday in the federal fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling without reaching a verdict.
Yet another clash of Enron trial titans is on the horizon, but it may be less explosive than the first.
Jurors deliberating the fate of Enron Corp. founder Kenneth Lay and former CEO Jeffrey Skilling have the weekend off after finishing their first full day of deliberations in the premier case to emerge from one of the biggest corporate scandals in U.S. history.
Here is a list of the people charged in connection with the Enron scandal since it erupted in December 2001, and the status of their cases:
The question of whether Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling are crooks and liars in what a prosecutor deemed a "historic case" was left in the hands of a jury Wednesday.
Closing arguments start today in the Enron trial. Each side has six hours to summarize the case that has lasted more than 14 weeks and featured 54 government and defense witnesses.