zimv20
Jun 19, 2004, 03:36 PM
link (http://www.chron.com/cs/CDA/ssistory.mpl/front/2635540)
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.
Topics that prosecutors have been quizzing witnesses about include:
·Lay's receipt of three memos or e-mails warning of financial trouble and fraud at the company within weeks of Jeff Skilling's abrupt August 2001 departure as CEO.
·His public statements to investors and analysts.
·Lay's attempt to find an alternative to having to substantially write down the "goodwill" or excess price paid for assets.
·His trades of company stock for millions of dollars in company cash in those last months.
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.
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.
Topics that prosecutors have been quizzing witnesses about include:
·Lay's receipt of three memos or e-mails warning of financial trouble and fraud at the company within weeks of Jeff Skilling's abrupt August 2001 departure as CEO.
·His public statements to investors and analysts.
·Lay's attempt to find an alternative to having to substantially write down the "goodwill" or excess price paid for assets.
·His trades of company stock for millions of dollars in company cash in those last months.
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.
