'Former Enron Executive Rocks Court' Anyone know what this means for Ken

[in_cog_ni_to]

Lay? Sounds pretty damn bad for Fastow and Skilling. Fastow worked a deal though with the prosecutors, didn't he?

Former Enron Executive Rocks Court
By MICHAEL GRACZYK and KRISTEN HAYS, Associated Press Writers
3 hours ago

HOUSTON

<snip>
"Fastow said, 'LJM is a good deal for me,'" Kevin Hannon, then chief operating officer of the company's flailing broadband unit, told jurors in the fraud and conspiracy trial of Lay and Skilling.

"As I remember, (Fastow's comment) was met by stunned silence," Hannon said.

"Did Mr. Skilling say anything?" prosecutor Cliff Stricklin asked.

"Yes. He said, 'They're on to us,'" Hannon said. "It seemed to indicate the investment community was beginning to understand how Enron made money."<snip>


http://www.comcast.net/finance/index.jsp?cat=FINANCE&fn=/2006/03/02/337219.html&cvqh=itn_enron

[WiseButAngrySara]

1. Sorry for my ignorance, but what is LJM? n/t

[catzies]

2. LJM was the name of one of Enron's sham subsidiaries. n/t

[in_cog_ni_to]

3. Just one off the sham partnerships used to manipulate earnings...more

<snip>prosecutors contend they knew the LJM partnerships were among tools used to manipulate earnings so the two men could present a falsely rosy picture of Enron's health to investors.

Hannon has admitted to conspiracy for helping promote the weak broadband unit as healthy.<snip>

[WiseButAngrySara]

6. Thanks! I thought it was a legal term! K & R for this article. ....n/t

[0007]

4. This is music to my ears.

Will junior pardon Lay & Skilling? Or just Kenny Boy?

[in_cog_ni_to]

5. Mine too. It's been a LONG time coming.

I don't know how much money Skilling donated to the BFEE. If he didn't give BIG BUCKS, he'll probably go down, wouldn't you think? Ken Lay will probably get a pardon. It'll be one more way for the wealthy to slap the peon worker in the face.

[0007]

8. At least I hope the attorneys take all of Kenny Boy's money.

He probably has few million stashed away. I do think Skilling is screwed!

[NastyRiffraff]

7. Kenny Boy knows too much...

about the Bush family. Chimp will have to pardon him.