ArticleEnronCFOMagazine

ArticleEnronCFOMagazine - Former Enron CEO Skilling Pleads...

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Former Enron CEO Skilling Pleads Not Guilty Charged with 35 counts including fraud and insider trading, the ex-chief executive could get a life sentence. Ed Zwirn , CFO.com February 20, 2004 It took over two years, but Jeffrey Skilling finally did his version of the perp walk yesterday. The former Enron Corp. CEO, the highest-ranked catch so far of a lengthy fraud investigation into the collapsed company, was taken to a Houston court in handcuffs Thursday, where he pleaded not guilty to 35 counts of fraud and other crimes, Reuters and other services reported. He is next scheduled to appear in court March 10. The 42-count indictment accuses Skilling and Richard Causey, Enron's former chief accounting officer, of taking part in the schemes to mislead regulators and investors. Causey was indicted a month ago and is free on $500,000 bond. Ten of the counts accounts against Skilling, who posted $5 million bond using a cashier's check, accused him of insider trading. That trading is alleged to have generated $62.6
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