Ann+Presentation


 * The trial** (5 slides/ 10 minutes)

After Enron‘s bankruptcy many civil actions followed such as equity holders which tried to assert a claim. Many Enron employees lost their whole property due to the insolvency. Beside civil suits there were many criminal procedures because of fraud. After Enron’s downfall in 2001, the Justice Department started criminal investigations in January 2002. A few years of indictments, investigations, evidence and penalties followed until Jeff Skilling, the CEO of Enron, was sentenced to 24 years and four months in prison in October 2006 due to insider trading, securities fraud, conspiracy and false statements on financial reports. The main defendants in the Enron scandal were Kenneth Lay (CEO), Jeffrey Skilling (CEO) and Andrew Fastow (CFO). All in all, the trial timeline gives an overview of the most important legal decisions and the consequences for the main defendants.

Sources: www.nytimes.com www.wikipedia.com www.bbc.co.uk www.chron.com www.manager-magazin.de Report of investigation by the special investigative committee of the board of directors of Enron Corp. (February 1, 2002)

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