Federal prosecutors plan to ask a grand jury to indict Ken Lay on charges relating to the last few months he was at the helm of Enron as the company spiralled into its stunning 2001 collapse.
The indictments are expected within two weeks, according to lawyers close to the case.
...Lay's Houston-based lawyer, Mike Ramsey, said Friday that while he knows there is an active investigation into his client, he will be surprised if there's an indictment.
"Indict him for what?" Ramsey said Friday. "I don't know what they could charge him with."
...Prosecutors now have the cooperation of 10 people who have pleaded guilty, some of whom have been re-interviewed in recent weeks, focusing on Lay and others, including ex-Chief Accounting Officer Rick Causey.
Lay is likely to be charged with some type of fraud, possibly similar to the charges against Skilling and Causey. They are charged with insider trading, securities fraud, wire fraud, conspiracy and lying on Enron financial statements.
Several of the lawyers representing witnesses in the case speculate that rather than indict Lay separately, prosecutors will add Lay to the case against Skilling and Causey, meaning the three would be tried together.
...In classic prosecutorial fashion, the Enron Task Force has charged underlings and worked their way up the employee food chain. Twenty-one former Enron employees have been charged along with eight other people from banks, financial firms or accounting firms that did business with Enron.
Houston Chronicle article
The indictments are expected within two weeks, according to lawyers close to the case.
...Lay's Houston-based lawyer, Mike Ramsey, said Friday that while he knows there is an active investigation into his client, he will be surprised if there's an indictment.
"Indict him for what?" Ramsey said Friday. "I don't know what they could charge him with."
...Prosecutors now have the cooperation of 10 people who have pleaded guilty, some of whom have been re-interviewed in recent weeks, focusing on Lay and others, including ex-Chief Accounting Officer Rick Causey.
Lay is likely to be charged with some type of fraud, possibly similar to the charges against Skilling and Causey. They are charged with insider trading, securities fraud, wire fraud, conspiracy and lying on Enron financial statements.
Several of the lawyers representing witnesses in the case speculate that rather than indict Lay separately, prosecutors will add Lay to the case against Skilling and Causey, meaning the three would be tried together.
...In classic prosecutorial fashion, the Enron Task Force has charged underlings and worked their way up the employee food chain. Twenty-one former Enron employees have been charged along with eight other people from banks, financial firms or accounting firms that did business with Enron.
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