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Top Enron Officials’ Trial Begins Today

Jan 30, 20061 min
CSO and CISOData and Information Security

The criminal trial of former Enron Corp. executives Kenneth L. Lay and Jeffrey K. Skilling opens today and may determine whether government can effectively regulate white-collar crime.

The Washington Post reports that the Lay and Skilling are accused of making secret deals, hiding company findings, and fudging financial reports and fraud to name a few of the ethical issues that surround the case.

The Enron scandal was not confined to just company executives either. Investigations show that corporate managers nationwide — as well as their advising accountants and lawyers — signed off on phony numbers.

The trial also highlights a growing hope that the Sarbanes-Oxley corporate reform law will prevent similar corporate crimes in the future and bring an end to executive behavior determined to skim profits any way they can. Read more.

By Paul Kerstein