Kristen Hays
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/ 6 July 2006

Enron founder Ken Lay dies

Enron founder Kenneth Lay, who was convicted of helping perpetuate one of the most sprawling business frauds in United States history, died on Wednesday in Aspen, Colorado. He was 64. Lay died of a heart attack, his pastor in Houston said. ”Apparently, his heart simply gave out,” said Pastor Steve Wende of Houston’s First United Methodist Church.

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/ 6 March 2006

Witness delivers damaging testimony at Enron trial

A former Enron broadband unit executive faces cross-examination this week after damaging the defence with his testimony in the fraud and conspiracy trial of company founder Kenneth Lay and former CEO Jeffrey Skilling. Kevin Hannon told jurors that Skilling said ”They’re on to us” in a May 2001 meeting of top executives regarding a boutique analyst firm’s criticism.

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/ 28 April 2005

Enron accounting and ‘a shot of crack cocaine’

Within weeks of dazzling Wall Street by lying about the capabilities of its new broadband network, Enron faced a daunting task in living up to the hype. Kenneth Rice, the former head of the defunct broadband unit, said pressure escalated further when Enron stock jumped to from within a day of an analysts conference in January 2000.

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/ 18 February 2005

Yukos to fight bankruptcy in the US

Unfriendly Russian courts and a European court that offers no protection drove embattled Russian oil company Yukos to seek help to regain solvency in a United States bankruptcy court, its lead lawyer said on Thursday. ”This is the last place that this company has to have the opportunity to survive as an ongoing concern,” said Yukos lawyer Zack Clement.