|
The Trial Of Kenneth Lay And Jeffrey Skilling
The trial of Kenneth Lay, former chairman and CEO of Enron, and Jeffrey Skilling, former CEO and COO, was presided over by federal district court Judge Sim Lake in 2006 in response to the Enron scandal. Timeline * The trial began on January 30, 2006. * Opening arguments ** The defense argued there was much "wickedness", and pressure led to confessions by company leaders, and failure of "market confidence" led to the financial crisis: "13 of the 16 Enron executives who have pleaded guilty to federal crimes were innocent but caved in to intense pressure from federal prosecutors". ** Prosecution argues that leaders lied to Wall Street and investors about "crumbling finances". * Eight former Enron executives testified, the star witness being Andrew Fastow, against Lay and Skilling, their former employers. * The jury reached its verdict on May 25, 2006, convicting both Lay and Skilling. Lay was also convicted by Sim Lake of charges in a separate bench trial. * Lay died on July 5, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ken Lay Enron
Ken or KEN may refer to: Entertainment * ''Ken'' (album), a 2017 album by Canadian indie rock band Destroyer. * ''Ken'' (film), 1964 Japanese film. * ''Ken'' (magazine), a large-format political magazine. * Ken Masters, a main character in the ''Street Fighter'' franchise. People * Ken (given name), a list of people named Ken * Ken (musician) (born 1968), guitarist of the Japanese rock band L'Arc-en-Ciel * Ken (SB19 musician) (born 1997), stage name of Felip Jhon Suson of the Filipino boy group, SB19 * Ken (VIXX singer) (born 1992), stage name of Lee Jae-hwan of the South Korean boy group, VIXX * Naoko Ken (born 1953), Japanese singer and actress (Ken as surname) * Thomas Ken (1637–1711), English cleric and composer * Tjungkara Ken (born 1969), Aboriginal Australian artist * Ken Zheng (born April 5, 1995) is an Indonesian actor, screenwriter and martial artist Other * Kèn, a musical instrument from Vietnam. * Ken (doll), a product by Mattel. * ''Ken'' (unit) (間), a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enron Energy Services
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. ''Fortune'' named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron has become synonymous with willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the enactme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Crime
In criminology, corporate crime refers to crimes committed either by a corporation (i.e., a business entity having a separate legal personality from the natural persons that manage its activities), or by individuals acting on behalf of a corporation or other business entity (see vicarious liability and corporate liability). For the worst corporate crimes, corporations may face judicial dissolution, sometimes called the "corporate death penalty", which is a legal procedure in which a corporation is forced to dissolve or cease to exist. Some negative behaviours by corporations may not actually be criminal; laws vary between jurisdictions. For example, some jurisdictions allow insider trading. Corporate crime overlaps with: * white-collar crime, because the majority of individuals who may act as or represent the interests of the corporation are white-collar professionals; * organized crime, because criminals may set up corporations either for the purposes of crime or as vehicles f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JURIST
A jurist is a person with expert knowledge of law; someone who analyses and comments on law. This person is usually a specialist legal scholar, mostly (but not always) with a formal qualification in law and often a legal practitioner. In the United Kingdom the term "jurist" is mostly used for legal academics, while in the United States the term may also be applied to a judge. With reference to Roman law, a "jurist" (in English) is a jurisconsult (''iurisconsultus''). The English term ''jurist'' is to be distinguished from similar terms in other European languages, where it may be synonymous with legal professional, meaning anyone with a professional law degree that qualifies for admission to the legal profession, including such positions as judge or attorney. In Germany, Scandinavia and a number of other countries ''jurist'' denotes someone with a professional law degree, and it may be a protected title, for example in Norway. Thus the term can be applied to attorneys, judges an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vacated Judgment
A vacated judgment (also known as vacatur relief) makes a previous legal judgment legally void. A vacated judgment is usually the result of the judgment of an appellate court, which overturns, reverses, or sets aside the judgment of a lower court. An appellate court may also vacate its own decisions. A trial court may have the power under certain circumstances, usually involving fraud or lack of jurisdiction over the parties to a case, to vacate its own judgments. A vacated judgment may free the parties to civil litigation to re-litigate the issues subject to the vacated judgment. Another means of having a vacated judgment would be if the defendant dies prior to all appeals being exhausted. Notable defendants having their convictions vacated under this include Kenneth Lay, the former Chairman and CEO of Enron who died before sentencing, and Aaron Hernandez, a former football player who killed himself in jail before his appeals were exhausted. In March 2019, the vacated conviction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skilling V
Skilling may refer to: ;Places * Skilling, Dorset, England * Skilling Island, Antarctica ;People * Chauncey Fitch Skilling (1868-1945), American architect * H. Gordon Skilling (1912-2001), Canadian political scientist * Jeffrey Skilling (born 1953), American former CEO of Enron Corporation, brother of Tom Skilling * John Skilling (1921–1998), American civil engineer and architect * Mark Skilling (born 1972), Scottish footballer * Tom Skilling (born 1952), American meteorologist in Chicago, Illinois, brother of Jeffrey Skilling ;Other * Skilling (Scandinavian monetary unit) The skilling (pronounced ''shilling'' in English) was the Scandinavian equivalent of the shilling. It was used as a subdivision of the various kinds of currencies named rigsdaler in use throughout Scandinavia, including the Danish rigsdaler, the ..., a historical form of currency * '' Skilling v. United States'', a U.S. Supreme Court case See also * Skillings {{disambiguation, surname English-language ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Honest Services Fraud
Honest services fraud is a crime defined in (the federal mail and wire fraud statute), added by the United States Congress in 1988, which states "For the purposes of this chapter, the term ''scheme or artifice to defraud'' includes a scheme or artifice to deprive another of the intangible right of honest services." The statute has been applied by federal prosecutors in cases of public corruption as well as in cases in which private individuals breached a fiduciary duty to another. In the former, the courts have been divided on the question of whether a state law violation is necessary for honest services fraud to have occurred. In the latter, the courts have taken differing approaches to determining whether a private individual has committed honest services fraud—a test based on reasonably foreseeable economic harm and a test based on materiality. The statute, which has been a target of criticism, was given a narrow construction by the Supreme Court of the United States in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insider Trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime. Trading by specific insiders, such as employees, is commonl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wire Fraud
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical or electronic mail system to fraud, defraud another, and are Federal crime in the United States, federal crimes there. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or international borders. Mail fraud Mail fraud was first defined in the United States in 1872. provides: Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use any counterfeit or spurious coin, obligation, security, or other article, or anything represented to be or intimated or held out to be such counterfeit or spurious article, for the purpose of executing such scheme or artifice or attempting so to do, places in any post ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Fraud
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws."Securities Fraud Awareness & Prevention Tips faq by FBI, accessed February 11, 2013 Securities fraud can also include outright theft from investors ( embezzlement by ), |
Kathryn Ruemmler
Kathryn "Kathy" Ruemmler (born April 19, 1971) is an attorney who formerly served as Principal Deputy White House Counsel and then White House Counsel to President Barack Obama. Previously a partner at Latham and Watkins co-chairing its white-collar defense group, Ruemmler joined Goldman Sachs in 2020 as a Partner and Global Head of Regulatory Affairs. In 2021, she was promoted to Chief Legal Officer and General Counsel. Early life and education A graduate of Richland High School in Richland, Washington, Ruemmler received a Bachelor of Arts in English from the University of Washington, and earned her Juris Doctor from Georgetown University Law Center. She also served as Editor-in-Chief of the ''Georgetown Law Journal''. Career Ruemmler is a former federal prosecutor who helped lead the government's case against the former executives of Enron. Ruemmler clerked for Judge Timothy K. Lewis on the Third Circuit in 1996 and 1997 . From 2000 to 2001 she served as Associate Couns ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sean Berkowitz
Sean M. Berkowitz (born 1967) is a former director of the Department of Justice's Enron Task Force. He prosecuted former employees of Enron who were accused of white collar crimes, principally accounting fraud. Most significantly, he was the lead prosecutor in the joint trial of Kenneth Lay and Jeffrey Skilling. In 2006, shortly after securing guilty verdicts against both, Berkowitz left the Department of Justice to become a partner at Latham & Watkins LLP in Chicago. Berkowitz was assigned to the Task Force in December 2003 from the U.S. Attorney's Office for the Northern District of Illinois, where he led many high-profile prosecutions of white collar crime and corporate fraud. Prior to his five years at the United States Department of Justice, Berkowitz worked for the law firm Katten Muchin Zavis, now Katten Muchin Rosenman LLP, in Chicago, Illinois. Lay and Skilling trial Berkowitz cross-examined Jeffrey K. Skilling (Enron President and COO), sending the former CEO into a te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
