![]() And this is the government burrowing into one of the two new units at Enron, which they're saying were part of the deception.īRAND: Is he testifying, in effect, that he had conversations with Skilling, where Skilling explicitly told him to misrepresent the broadband venture and pump up the stock? ELKIND: The government's theme for the case says it's not about accounting, it's about lies and deception. And specifically, he testified in great detail that the business was falling apart, and that Jeffrey Skilling, nontheless, was telling the world and investors that things were going well.īRAND: And this is part of the key accusation against Skilling, is that he, the government alleges that he misled investors? ELKIND: Yesterday, the government led him to a quick account of the rise and fall of the Enron broadband business. PETER ELKIND (Journalist, Author): Good to be with you.īRAND: So, tell us about Rice's testimony. He's also the co-author of the book, Enron: The Smartest Guys in the Room. He's covering the trial for Fortune magazine. Here with us to discuss the Enron trial is Peter Elkind. Now, Rice is one of 16 former Enron executives who have pleaded guilty, and are testifying for the prosecution. The new witness, Kenneth Rice, led its failed broadband venture, and served as a key lieutenant to Skilling. ![]() Today, in Houston, we'll hear more from the second witness in the trial of former Enron executives Jeffrey Skilling and Kenneth Lay. ![]()
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