Prosecutors Grill Lay on Enron Short-Selling

NPR | By Wade Goodwyn

Published April 27, 2006 at 4:00 PM EDT

Prosecutors challenge Enron founder Kenneth Lay's testimony that short-sellers were partly to blame for the company's collapse in 2001. As proof, lawyers showed that Lay's own son bet Enron's stock would drop.

Lay and former Enron Chief Executive Jeffrey Skilling have contended that short-sellers mounted a concerted attack on Enron stock that helped drive it into bankruptcy. Investors sell a stock "short" when they believe its value will go down.

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

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