Congressional Hearing
In response to a subpoena, Ebbers appeared before the U.S. House Committee on Financial Services on July 8, 2002. At these hearings Ebbers stated "I do not believe I have anything to hide, I believe that no one will conclude that I engaged in any criminal or fraudulent conduct." After making this statement Ebbers asserted his Fifth Amendment right against self-incrimination.
Following his actions, Ebbers was threatened with Contempt of Congress charges. The basis of the allegation was that Ebbers' statement constituted testimony that could not be cross-examined. No charge of contempt was ever filed.
Read more about this topic: Bernard Ebbers
Famous quotes containing the word hearing:
“Ah, Governor [Murphy, of New Jersey], don’t try to deceive me as to the sentiment of the dear people. I have been hearing from the West and the East, and the South seems to be the only section which approves of me at all, and that comes from merely a generous impulse, for even that section would deny me its votes.”
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