A week after a Houston jury convicted former Enron Chairman Kenneth Lay of fraud, one of the Houston oil company's former directors says he still can't believe Lay knew about accounting schemes that caused the firm's 2001 implosion.
"I'm convinced he didn't know what was going on. ... I just can't bear the picture of him going off to jail," said Charls Walker, a Potomac, Md.-based economist and lobbyist who joined the Houston energy company's board before it was known as Enron.
As for his own role as a member of the board from 1985 to 1999, Walker, 82, is regretful. "I was duped. Part of the problem was putting so much confidence in Ken's integrity and ability. ... We were taken for a ride."
See full Article.
Posts
