ENRON: Lay seeks separate juries in his 2 trials

[emad]

Associated Press
Published March 15, 2005


HOUSTON -- Enron Corp. founder Kenneth Lay wants different juries for his two trials.

Attorneys for the former head of the energy company told U.S. District Judge Sim Lake in a filing Monday they don't want the same jury that hears the January fraud and conspiracy trial of Lay, former Enron Chief Executive Jeffrey Skilling and former top accountant Richard Causey to hear a separate case against Lay that involves personal banking charges.

Lake suggested using the same jury in the interest of efficiency last month when he set Jan. 17 as the trial date for the trio. That trial is to focus on the premier criminal case to emerge from the Justice Department's investigation of Enron's December 2001 collapse.

An attorney for Lay said using the same panel would damage Lay's right to an impartial jury in the banking case.

http://www.chicagotribune.com/business/chi-0503150077mar15,1,2820036.story?coll=chi-business-hed&ctrack=1&cset=true

[Straight Shooter]

1. Translated: Lay seeks to make Texas taxpayers pay double for "justice."

He wants two trials? Let him pay out-of-pocket for one of them.

Only a snot-nosed arrogant white fat cat would do this kind of nonsense. One man, one trial. Get on with it, Kenny Boy, and take your medicine.

[underpants]

2. Exactly what I thought

:eyes:

[elehhhhna]

3. The banking charges are very very serious and more likely to

cause his conviction and imprisonment...

[napi21]

6. What are the banking charges?

There have been so many accusations, and so many crooked execs, I've lost track!

I'm glad to hear this idiot is finally going to face a jury!!!!

[elehhhhna]

8. He lied on loan applications for personal loans. BIGtime Felony--

slam-dunk case due to the documentation.

Enron's a confusing tangle but the bank fraud charges will stick.

Charge 8 - Bank Fraud (p. 53-57; Count 38). Ken Lay lied in a loan application about what he was going to do with the money he borrowed from Bank of America. Hence he obtained loans from Bank of American fraudently. Regulation U prohibits a person from using loan money to purchase or carry margin stock. Yet Ken Lay used money he borrowed from Bank of America to purchase or carry margin stock.

Charges 9-11 - False Statements to Bank (pp. 57-58; Counts 39-41). Ken Lay lied on bank forms. Somewhere on the forms (in very large print I'm sure) it said, "You can't use this money we are lending you to buy or carry margin stock." Yet Lay used the loan money to borrow margin stock. See Charge 8, above.
http://64.233.187.104/search?q=cache:5AzsfJmckYMJ:federalism.typepad.com/crime_federalism/ken_lay/+Ken+lay+bank+fraud+charges&hl=en

[napi21]

9. WOW! Why haven't they gone after him on this one sooner?

You're absolutely right about it being a slam dunk! And he sure can't say "I didn't know."

There are lots of people who would have loved to see him waiting for the Enron trial from a cell! Wonder why they didn't just get him on this one a few years ago???

[TahitiNut]

4. Well, then maybe he should have separate legal defense teams, too?

:eyes: Then they should conduct the trials simultaneously.

[Mithras61]

5. Absolutely! We could also have him...

required to appear at both trials and if he doesn't show, slap him with contempt of court charges and hold him in lockup! :evilgrin:

After he looses both trials, we can make him serve time at two separate facilities simultaneously, which may require him to be in two places at the same time, so we can divide him in half. Of course, it would probably be fatal for him, but somehow I have trouble working up much sympathy for him.
:nopity:

[pie]

10. very good

if that post doesn't get a person chuckling, nothing will

[Festivito]

7. He just wants each jury to hear half the story against him.

If they'd done this for Martha, she wouldn't have diverted attention from the lack of Lay's trial, er, ah, I mean, they would not have been able to convict her.

[Rose Siding]

11. Sure! And how about a cell with tennis courts and a sauna?

Mister Rich Man Sir