KBTX | Bryan & College Station, TX | News, Weather, Sports

Enron Trial

By: Associated Press
By: Associated Press

A former top Enron officer says Chief Executive Jeffrey Skilling ordered last-minute changes to at least two quarterly earnings reports so the company could meet or beat analysts' expectations. Paula Rieker, a former vice president of investor relations, is the government's fourth witness in the fraud and conspiracy trial of Skilling and former Enron founder Kenneth Lay.

Rieker testified Enron's directors were "outraged" upon learning in February 2002 that founder Kenneth Lay had sold more than 70 (m) million dollars in Enron stock back to the company in 2001.

She says that even a board member who supported him accused Lay of using the company like an ATM machine.

Rieker is among 16 ex-Enron executives who have pleaded guilty to charges and are cooperating with prosecutors.

Cross examination of Rieker will continue Wednesday.


KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 2350431 - kbtx.com/a?a=2350431