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Lay to Testify in Enron Trial

By: Associated Press
By: Associated Press

This is the day people following the Enron trial have been anticipating for a long time. Ken Lay will settle into the witness chair.

The Enron founder says he's looking forward to testifying. He says he wants to "put more of the facts and truth out" about what happened before the company spiraled into bankruptcy.

Lay will aim to build on what former CEO Jeffrey Skilling already has told the jury -- that Enron was no bed of fraud and both men are innocent of any wrongdoing.

The government says Lay and Skilling repeatedly lied to investors and employees about Enron's financial health.

The company imploded in December, 2001, six weeks after revelations of massive losses. Thousands of employees were thrown out of work and investors lost (b) billions of dollars.


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