David W. Delainey
PER
Mr. Delainey Delainey David W. Delainey
David W. Delainey is the former Enron executive, who calmly answered repeated questioning by Daniel Petrocelli, the lead lawyer for Mr. Skilling, a former Enron chief executive. He gave more details surrounding the shift of at least $200 million in retail trading losses in the spring of 2001. Further on Tuesday, his description of the accounting shift proved to be some of the most devastating testimony to date in the five-week-old trial. Under questioning by Mr. Petrocelli, Mr. Delainey refused to say that the reorganization was proper and done for some ''efficiency'' reasons, as Mr. Skilling later portrayed it. The former Enron executive, David W. Delainey, was questioned by Daniel Petrocelli, lead lawyer for Mr. Skilling. Mr. Delainey gave more details surrounding the shift of at least $200 million in retail trading losses in the spring of 2001. Mr. Delainey testified about a meeting with top managers where he said Mr. Skilling signed off on a plan to move the troubled contracts. Mr. Delainey said that he considered the meeting the start of a conspiracy and that the people there, including the chief accounting officer, Richard Causey, should have known they were agreeing to a crime. Mr. Delainey has pleaded guilty to insider trading and is cooperating with prosecutors.