Kenneth L. Lay
PER
Kenneth L. Lay Lay
But Mr. Rice, testifying for a third day in the trial of Mr. Skilling and Enron's founder, Kenneth L. Lay, acknowledged under cross-examination that he had no documents or witnesses to support his claim that Mr. Skilling told him to change his presentation, and was only relying on his memory. Mr. Rice's shaky memory over the claimed meeting underscores a central challenge facing the government in proving its case that Mr. Skilling and Mr. Lay conspired to defraud Enron and then lied about it to the investing public before the company's 2001 collapse. Mr. Lay faces seven counts of fraud and conspiracy related to the months after he replaced Mr. Skilling as chief executive. Kenneth D. Rice, testifying for a third day in the trial of Jeffrey K. Skilling and Enron's founder, Kenneth L. Lay, acknowledged under cross-examination that he had no documents or witnesses to support his claim that Mr. Skilling told him to change his presentation, and was only relying on his memory. Mr. Rice's shaky memory over the claimed meeting underscores a central challenge facing the government in proving its case that Mr. Skilling and Mr. Lay conspired to defraud Enron and then lied about it to the investing public before the company's 2001 collapse. Mr. Skilling faces 31 counts of fraud, conspiracy and insider trading, while Mr. Lay faces seven counts of fraud and conspiracy related to the months after he replaced Mr. Skilling as chief executive.