Enron Trial Set to Begin Monday

By: KBTX Staff
By: KBTX Staff

HOUSTON (AP) - More than 100 potential jurors are slated to pack
a cavernous federal courtroom in Houston Monday as the trial
begins for Enron Corporation founder Kenneth Lay and former CEO
Jeffrey Skilling.

Jury selection begins four years after Enron collapsed in one of the biggest scandals in U.S. corporate history.

The crash left thousands jobless and slammed Wall Street with billions in losses.

Skilling faces 31 counts of fraud, conspiracy, insider trading
and lying to auditors for allegedly lying about Enron's financial
state before the company crashed.

Lay faces seven counts of fraud and conspiracy for allegedly
perpetuating the scheme after Skilling resigned in August 2001.
Both have pleaded not guilty.

U.S. District Judge Sim Lake has told attorneys he expects a
panel to be seated by day's end.

The judge twice shot down defense attempts to move the trial.

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