// Table template v. 3.5 // Author - Brenden West; updated 3-18-03 // BEGIN editorial data var Biz_EnronChargesChart = new Array(); Biz_EnronChargesChart.ID = "Biz_EnronChargesChart"; Biz_EnronChargesChart.sPubDate = "5/25/2006 8:17:41 PM GMT"; Biz_EnronChargesChart.navsectionID = "3032229" Biz_EnronChargesChart.appFmt = 2; Biz_EnronChargesChart.ID_WB = 12690825; Biz_EnronChargesChart.itemsPerPage = "4,8"; Biz_EnronChargesChart.appWidth = 624; Biz_EnronChargesChart.appHeader = "Charges against Skilling, Lay"; Biz_EnronChargesChart.appDeck = "Gaps in the count appear because some were dropped March 28 and others had been pending against or related to Richard Causey, former Enron chief accounting officer. Causey had been slated to go on trial alongside Lay and Skilling until he pleaded guilty Dec. 28 to one count of securities fraud."; Biz_EnronChargesChart.appFooter = "Source: The Associated Press"; Biz_EnronChargesChart.rowAlt = "#EEEEEE"; Biz_EnronChargesChart.appNavStyle = 3; Biz_EnronChargesChart.SelectList = new Array("Founder Kenneth Lay","Former CEO Jeffrey Skilling","","","","","","",""); Biz_EnronChargesChart.navCols = 2; Biz_EnronChargesChart.sNavLinkStyle = "font size=12; font-weight: bold;"; Biz_EnronChargesChart.appLayout = 1; Biz_EnronChargesChart.copyMargin = 9; Biz_EnronChargesChart.cellBorder = "#FFFFFF"; Biz_EnronChargesChart.aColWidths = new Array(120,390,90); i=0; Biz_EnronChargesChart.rows = new Array(); Biz_EnronChargesChart.aColHeaderText = new Array(" ","Description","Verdict"); Biz_EnronChargesChart.rows[i++] = new Array("Count 1","Conspiracy to commit securities and wire fraud. Covers alleged acts from late 1999 through December 2001. Lay allegedly lied to employees, credit rating agencies and analysts with claims that Enron was healthy or that its books had been sanitized of problems when he knew otherwise.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Counts 12-13","Wire fraud. Stems from alleged false statements made to Enron employees via the Internet or video teleconference. Prosecutors alleged that as Lay assured employees in a September 2001 online forum that third-quarter performance was \"looking great\" and \"we will hit our numbers,\" he knew Enron in mid-October would announce a massive loss and a $1.2 billion writedown in shareholder equity. The government also alleged that while Lay told analysts in a conference call days after the negative earnings announcement that he was disclosing all the bad news he had found, he held back information on dire problems.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Counts 27-29","Securities fraud. Alleged Lay misled a credit rating agency representative days before Enron announced massive quarterly losses, saying Enron’s books were clean when he knew otherwise. Also alleged that on two subsequent conference calls with analysts after the losses were announced that Lay minimized their impact and lied, claiming Enron wasn’t hiding anything when he knew the company’s financial health was worse than disclosed.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Counts 38-41","One count of bank fraud and three counts of making false statements to banks pertain to his personal banking. The charges alleged he obtained $75 million in loans from three banks and then reneged on an agreement with the lenders that he wouldn’t use the money to carry or buy Enron stock on margin. Lay faced trial without a jury before U.S. District Judge Sim Lake on these charges shortly after jurors in the conspiracy case against him and Skilling began deliberations.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Count 1","Conspiracy to commit securities and wire fraud. Covers alleged acts from late 1999 through December 2001. Skilling allegedly approved quarterly and annual reports submitted to the Securities and Exchange Commission that misstated revenues and earnings and conducted misleading quarterly conference calls with Wall Street analysts.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Count 2","Securities fraud. Stems from so-called Raptors, four financial structures backed by Enron stock used to hedge inflated asset values and keep hundreds of millions of dollars in debt off the energy company’s books. Prosecutors said Skilling knew the Raptors were wrongly treated as independent of Enron, so should not have been kept off Enron’s books, and that they were used to avoid public disclosure of decreases in asset values.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Counts 14, 16-20","Securities fraud. Stems from quarterly and annual reports filed with the SEC in 2000 and 2001. Prosecutors alleged Skilling knew those reports were intentionally misleading about Enron’s revenues, earnings and business operations because accounting schemes hid the true picture.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Counts 22-26","Securities fraud. Alleged Skilling omitted bad news or lied when he said Enron’s revenues from energy trading in California were small while touting Enron’s performance and financial health to analysts in several conference calls and an analyst conference in 2000 and 2001.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Counts 31-32","False statements to auditors. Alleged he signed letters to auditors at Arthur Andersen LLP that were misleading about the veracity of Enron’s annual financial statements in 2000 and 2001.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Counts 34-36","False statements to auditors. Alleged he signed letters to auditors that were misleading about the veracity of Enron’s quarterly financial statements for the middle two quarters of 2000 and the first quarter of 2001.","Guilty"); Biz_EnronChargesChart.rows[i++] = new Array("Counts 42-51","Insider trading. Alleged Skilling sold $62.6 million in stock when he knew Enron shares were inflated by internal efforts to hide the company’s true financial condition. The counts pertain to nine trades from April through November in 2000 and a single trade in September 2001 about a month after he resigned from Enron.","Guilty on 1 count; acquitted on rest"); // END editorial data