A FLASH FLOOD WATCH is in effect for Lee county through 5am Saturday. A few areas of rain and thunderstorms could still be possible through the overnight hours. While most of this should remain below severe levels, a few storms (if they can redevelop) could brings gusty winds, heavy rain, thunder, & lightning. Overall threat is diminishing through 3am.
A much-anticipated faceoff at the Enron fraud and conspiracy trial in Houston is set for next week.
That's when former chief financial officer Andrew Fastow is expected to take the stand against his former bosses, Kenneth Lay and Jeffrey Skilling.
Fastow is serving a ten-year sentence for conspiracy for using off-the-books partnerships to help manipulate Enron's reported earnings while skimming (m) millions for himself.
Fastow will make his first public statements about his admitted crimes at Enron. His testimony could be devastating to his former bosses, who insist that they did nothing wrong and that no fraud occurred at the company.
Thursday, there will be more testimony from a former high-ranking trading and retail-energy executive. David Delainey says he, Skilling and others lied about Enron's financial health as part of a conspiracy to defraud investors.
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