Ex Enron boss Ken Lay Indicted surrender Thursday
“I have done nothing wrong and the indictment is not justified,” Lay said in a statement.
Lay, 62, said he would surrender Thursday morning on charges of the collapse of the company, two years after the federal government launched its painstaking investigation.
The indictment against Lay is expected that about how he received warnings on the financial problems of his business and his public statements to investors and analysts, FOX News has learned. It is recognized that the fight against fraud.
Prosecutors from the Department of Justice (search) Enron Task Force presented an indictment to the USA Magistrate Judge Mary Milloy, sources said. The judges, “the defendant” would give up voluntarily. A hearing before Milloy was published late Thursday morning.
Separated, the Securities and Exchange Commission (search) provides file civil fraud charges against Lay in Houston on Thursday morning, a source with the subject.
Lay of Enron guided years, the once obscure pipeline company into the seventh largest company of the nation and the world’s largest energy exchange.
Enron Corp. (Research) in a massive scandal in 2001 after the Wall Street favorite abuse of off-the-books partnerships to hide billions of dollars and inflate profits known.
The cost of 2-1/2 years, the Department of Justice after an investigation that began slowly climbed the leaders of enterprises, for 22 counts against former Enron employees, including former Chief Financial Officer Andy Fastow, the former chief accountant Rick Causey and foremost recently, former CEO Jeff Skilling.
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