Enron, Ep 7: The Trial

Bad Bets

The Wall Street Journal

News, Business, True Crime

4.8 • 1.3K Ratings

🗓️ 23 November 2021

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

After years spent building its "lies and choices" case, the Department of Justice's Enron Task Force took Enron executives Ken Lay and Jeffrey Skilling to court. In this episode, the unprecedented trial that became something of a litmus test for all of corporate America. How much did Lay and Skilling know about the crimes that occurred at Enron, and when did they know it? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to Bad Bets, a podcast from the Wall Street Journal that unravels big
0:06.2	business dramas that have had a major impact on our world.
0:10.0	This season, we're looking at the Collapse of Enron.
0:13.0	I'm John M. Schweiler.
0:15.0	Enron's Bank Repsy in December 2001 led to unprecedented investigations, both by Congress
0:21.1	and the Department of Justice.
0:23.0	The DOJ Special Enron Task Force spent years digging up evidence of alleged crimes by
0:28.2	former company execs.
0:30.2	Those investigations culminated in charges against XCEO's Can Lay and Jeff Skilling that could
0:36.4	have put them in prison for life.
0:39.0	Finally, four years after Enron's fall, Lay and Skilling would have their day in court
0:44.8	and the world was watching.
0:47.2	Stay with us.
0:50.7	Get a better grip on the markets.
0:52.8	WSJ's Take on the Week is here to give you a look ahead to the most important events
0:57.8	on the economic and business calendar and what they mean for your money and investments.
1:03.2	Subscribe wherever you listen to podcasts.
1:22.8	And today, together, they went on trial for fraud and conspiracy in its collabs.
1:31.2	Downtown TV trucks and news media swarmed the federal courthouse.
1:35.5	If any of the litigants left the building, 20 reporters would follow them across the
1:40.2	street with microphones with cameras.
1:43.2	Adam Grishawitz is a law professor at William & Mary Law School.
	...

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