Lay Tried in Another Fraud Case

Summary


HOUSTON - As a jury deliberated in a separate fraud and conspiracy case against him, Enron Corp. founder Kenneth Lay returned to court as a new trial began Thursday in which he is accused of fraud in his personal banking.

"This is a straightforward trial about lying to the banks," prosecutor Robb Adkins said in a brief opening statement. "Evidence will show Mr. Lay repeatedly and falsely executed forms relied on by banks and required by banks."

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Extract


Lay Tried in Another Fraud Case

Lay's lawyers declined to make an opening statement immediately.

Prosecutors allege that beginning in 1999, Lay obtained $75 million in lo...

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