February 23, 2006
Ken Lay "Was Using Enron Like a Damn ATM Machine"
Anatomy of fraud and conspiracy.
Reading the account of former Enron executive Paula Rieker who was unflappable on the stand, it's hard to imagine that Kenny Boy Lay was clueless about the fraud and intentional misrepresentation going on at the company.
Rieker gave her testimony as part of a plea bargain. Though Lay's lawyers tried to discredit her, it's clear she put a large dent on his contention that he didn't know what was going on, otherwise known as the "stupid defense".
Reading the account of former Enron executive Paula Rieker who was unflappable on the stand, it's hard to imagine that Kenny Boy Lay was clueless about the fraud and intentional misrepresentation going on at the company.
Rieker gave her testimony as part of a plea bargain. Though Lay's lawyers tried to discredit her, it's clear she put a large dent on his contention that he didn't know what was going on, otherwise known as the "stupid defense".
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(Dare to Know)
-- Epistularum Liber Primus, Horace
Wonk (noun): def. A political nerd. Know spelled backwards.
Wonky Muse is the other Filipino American female political blogger. The sane, liberal one.
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