One thing prosecutors can expect to get from Causey is testimony that he met with Ken Lay during that period and made him aware of how deep the plight was at Enron. By the time of Lay's return, Enron was almost like the Titanic after it hit the iceberg.
More Quotes from John Coffee:
This means that they can win some of these cases, but they can also lose some, ... But there will be thousands of them the plaintiffs' bar will be willing to try.John Coffee
It is essentially a substantial, but not a complete victory for the government, ... The critical factor is that the Judge finds that Mr. Jett acted with an intent to defraud.
John Coffee
I would expect that both sides now are struggling to control the board. It may be that there are directors who were appointed by each side, but outside independent directors are not going to be loyal to someone if there is strong persuasive evidence that that person was involved in fraud.
John Coffee
Enron in its simplest form was a stark and vivid lesson that a company could comply with generally accepted accounting principles and totally deceive investors at the same time.
John Coffee
To the extent that Lay is making a statement of opinion, the government has to show not only that that statement was false but that he knew it to be false, ... The problem with doing that is that Lay did make some significant purchases of Enron stock and held onto all of his Enron stock except for those shares he sold pursuant to margin calls.
John Coffee
I think the SEC had to get aboard this ship. Otherwise, they would look like they are lagging behind the parade. They have been somewhat embarrassed by being behind everyone on the issue of accounting reform.
John Coffee
Readers Who Like This Quotation Also Like:
Based on Topics: Time QuotesBased on Keywords: causey
Folks, I've been straight for seventeen days... Not all in a row.
Sam Kinison
I think a lot of the time these days people are so concerned about having the right camera and the right film and the right lenses and all the special effects that go along with it, even the computer, that they're missing the key element.
Herb Ritts
The trick to acting is not to show off, it's to think the thoughts of the character.
Eddie Marsan