Word: willfullness
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A male Harvard undergraduate was robbed at gunpoint early Friday morning just a few yards from the Quad, police said. The victim, whose name has not been released, reported to police that at around 2:30 a.m., he was approached by three men as he walked on the corner of...
Historically, humans get serious about avoiding disasters only after one has just smacked them across the face. Well, then, by that logic, 2006 should have been a breakthrough year for rational behavior. With the memory of 9/11, the worst terrorist attack in U.S. history, still fresh in their minds, Americans...
But if you thought the nearly five-year Enron saga has now come to an end, with both men set for sentencing on Sept. 11, you may be as off base as the company's financial statements. Attorneys for Lay and Skilling vow to appeal, and there is precedent - all...
Enron's former accounting firm, Arthur Andersen, as well as former Wall Street trader Frank Quattrone, have successfully appealed jury instructions based on the notion of willful blindness. When Quattrone's conviction was overturned two months ago, Skilling attorney Daniel Petrocelli told TIME, "I think it's a reminder of...
Many legal experts say that Skilling actually has a better chance than Lay for a successful appeal on the issue of willful blindness. The government never argued that Skilling made a conscious decision to ignore wrongdoing at Enron; Lay, on the other hand, had been warned by whistleblower Sherron Watkins...