Mark Koenig was Enron's main liaison with Wall Street. He worked closely with Enron's top executives on how to answer questions about the company's earnings and its increasingly complicated accounting.
He pleaded guilty to a single count of aiding and abetting securities fraud and agreed to help prosecutors build their case against Ken Lay and Jeff Skilling.
Koenig testified that he and other Enron executives misled analysts and investors during regularly scheduled conference calls. He said on one occasion, company officials transferred more than $250 million in loses from one division to another in order to hide what was really going on at the company.
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