Sunday, April 23, 2006

Ken Lay - Next to Bat?

Ken Lay is expected to be the witness on the stand this morning in his trial along with co-defendant Jeff Skilling. And it is anticipated that he will be a very different witness than co-defendant Jeff Skilling.  See NYTimes here, Washington Post here, Houston Chronicle here. The lessons from this witness may prove to be an education to all CEOs of what to say when your company has issues, when to take a position opposite your company with respect to the health of the company, and when to keep your mouth shut. Stay tuned.

(esp)

April 23, 2006 in Enron | Permalink | Comments (0) | TrackBack (0)

Former Defense Department Employee - Scheme to Defraud

The United States Attorney for the Eastern District of Virginia issued a press release here telling of a Former Defense Department Employee being sentenced for a plea on a wire fraud charge, to "57 months imprisonment, approximately $704,000 restitution and 3 years supervised release for his participation in a fraud scheme to use a Department of Defense IMPAC charge card to make over $704,357.24 in fictitious purchases of maintenance supplies for the Pentagon."  According to the press release:

"From May 1999 until April 2002, [this individual] was assigned to the Pentagon Building Maintenance Office and was responsible for ordering and purchasing supplies for the maintenance of the Pentagon. [This individual], and two others convicted in part of this scheme, created at least 265 fictitious purchase orders, had them approved, and charged a government purchase card $409,624.61. The money obtained from the scheme was received by an outside company owned by one of the conspirators. No goods were received by the Department of Defense for the false charges."

(esp) (with thanks to Fraud Update here)

April 23, 2006 in Fraud | Permalink | Comments (0) | TrackBack (0)

Blogging Conference - This Friday at Harvard

Blogging Conference (Bloggership: How Blogs are Transforming Legal Scholarship) is set for this coming Friday at Harvard.  For details see here.  The papers are available on SSRN here. Note Professor Doug Berman's Comments on SSRN downloading here. Also a live streaming webcast of the conference will be here. There will be a readers-meet-bloggers event at the Bloggership conference in Cambridge, on Thursday the 27th from 9 to 11 P.M. 

(esp)

April 23, 2006 in News | Permalink | Comments (0) | TrackBack (0)