Lay Blames Media Reports for Enron’s Fall

At his fraud trial Tuesday, former Enron Chairman Kenneth Lay recounted the events of September and October 2001, including a series of articles by about former CFO Andrew Fastow’s relationship with LJM that he claims led to a loss in investor confidence and the company’s bankruptcy. ” was on a witch-hunt for Andrew Fastow and perhaps LJM,” Lay said. “But we weren’t aware of Andrew Fastow doing anything inappropriate.”

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