Reply #68: Perjury being committed: Skilling Declares He Has 'Nothing to Hide'

[UpInArms]

http://news.yahoo.com/s/ap/20060417/ap_on_bi_ge/enron_trial

excerpt:

On the stand, Skilling employed strong terms to accentuate his view: He is "absolutely" innocent; allegations that he touted businesses as healthy when he knew they were flailing are "absurd;" and it's "inconceivable" to him that a company he believed to be vibrant when he resigned in mid-August 2001 spiraled into failure less than four months later.

On Monday, he also reiterated a lack of memory for some things — notably asking his broker to sell 200,000 of his Enron shares less than a month after he resigned. That sale was held up, and Skilling ended up selling 500,000 Enron shares on Sept. 17, 2001, which was the first day the markets opened after the Sept. 11, 2001, terrorist attacks.

Prosecutors allege in one of 10 insider trading counts against him that he ordered the Sept. 17 sale based on his knowledge of Enron's disarray, not in response to markets roiled by the attacks, as he claimed.

Skilling told jurors last week he didn't remember setting up the Sept. 6, 2001, stock sale, but acknowledged that "apparently from the ... from the recording" of his call to his broker that day, he had tried to arrange it.

On Monday, he acknowledged he had forgotten about it until he heard that tape recording played in court last week.

...more...

umm... yeah... right! I just forgot about that 200,000 share sale that I was madly attempting to skid under the wires! :eyes: