Kenneth L. Lay
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Kenneth L. Lay Lay
Mr. Delainey, along with Kenneth D. Rice, who led Enron's broadband unit, is the highest-ranking former executive to testify so far in the trial of Mr. Skilling and Kenneth L. Lay. They are charged with conspiring to defraud Enron by lying to investors. Defense lawyers say Mr. Skilling and Mr. Lay were not involved in any fraud and that the collapse of Enron in December 2001 was caused by a market panic. Mr. Delainey said that it was as brazen as it got, along with Kenneth D. Rice, who led Enron's broadband unit, is the highest-ranking former executive to testify so far in the trial of Enron's founder, Mr. Skilling and Kenneth L. Lay. They are charged with scheming to defraud Enron by lying to investors. Defense lawyers said that  both of them were not involved in any fraud and that the collapse of Enron was caused by a market panic.