Ex-Ceo Indicted ; Denies Guilt in 35 Enron Counts

Summary


HOUSTON - Former Enron Corp. Chief Executive Jeffrey Skilling, taken to court in handcuffs Thursday, was charged with nearly three dozen counts of fraud, insider trading, and other crimes in the highest-reaching indictment yet stemming from Enron's colossal collapse.

Skilling, the top-ranking executive arrested so far in the scandal that shook Wall Street and Washington alike, was accused of participating in widespread schemes to mislead government regulators and investors about the company's earnings.

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Ex-Ceo Indicted ; Denies Guilt in 35 Enron Counts

"I plead not guilty to all counts," Skilling told U.S. Magistrate Judge Frances Stacy, who set bond at $5 million. Skilling posted the bond with a cashier's check.

Prosecutors said Skilling, 50, faces up to 325 years in prison and more than $80 million in fines if convicted o...

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