Speaking before a Houston business group and professing his innocence, former Enron Corp. chief executive Kenneth Lay blamed the energy company's chief financial officer for its infamous 2001 collapse.

According to reports, Lay pointed the finger at former chief financial officer Andrew Fastow, who pleaded guilty to several charges in January, including stealing $60 million from the company, and was sentenced to 10 years in prison. Fastow is expected to be the star witness against Lay in a trial slated to begin Jan. 17.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access