Enron's Lay confident trial will turn out 'fine'
Trial starts Monday in Houston after defense motion to move venue away from Houston is denied.


HOUSTON (CNN) - Enron founder Ken Lay told CNN Sunday he is "very optimistic" about his coming trial and "ready to go" despite a judge's denial last week of his attorneys' request for a change of venue.

The attorneys sought the change because of vitriolic comments made by potential jurors on questionnaires. The trial begins Monday.

Former Enron CEO Ken Lay
Former Enron CEO Ken Lay
Enron trial no Lay-up
With all we know about Enron, convicting Lay and Skilling may seem like a sure win. It's not. (Full story)

"I'd prefer it wouldn't be denied," he said as he arrived at the First United Methodist Church in downtown Houston. "It's whatever it is, and we're ready to go."

"We're going to have a long trial and a tough trial," he said, "but we're going to be fine."

Lay and former Enron CEO Jeffrey Skilling are charged with fraud and conspiracy. Skilling also faces charges of insider trading and lying to auditors.

Both have pleaded not guilty.

Enron filed for bankruptcy in December 2001 after investigators found it had used partnerships to conceal more than $1 billion in debt and inflate profits.

The bankruptcy filing by Enron, once the country's seventh-largest company, cost 4,000 employees their jobs and many of them their life savings, and led to billions of dollars of losses for investors.

Enron's collapse was the first of many high-profile scandals that also included WorldCom, Global Crossing, Adelphia Communications and Tyco International. The wave of fraud led to passage of the Sarbanes-Oxley legislation meant to tighten auditing oversight of U.S. companies.

Lay and Skilling's trial was originally set for Jan. 17, but was rescheduled for Monday after the federal judge granted the defense a delay.

-- From CNN Producer Brian Vitagliano

Complete coverage of the Enron trial. Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.