Thursday, July 08, 2004

Ex-Chairman of Enron Surrenders and Faces 11-Charge Indictment


US President George W. Bush walks away from a briefing with the media, refusing to answer questions after he was asked about Enron and the reported indictment of former CEO Kenneth Lay, who was a close adviser and fund-raiser for Bush and his father, earning him the presidential nickname of 'Kenny Boy.'(AFP/Paul J. Richards)

And this guy campaigned on bringing "honor" and "accountability" back to the White House... ---Sam

By KURT EICHENWALD
and CHRISTINE HAUSER

Published: July 8, 2004

HOUSTON, July 8 — Kenneth L. Lay, the former chairman and chief executive of Enron, was charged on 11 counts in an indictment unsealed today related to the financial fraud that led to the collapse of the onetime energy giant.

The indictment, by a federal grand jury in Houston, includes charges of wire fraud, securities fraud and making false statements to banks... (see link above)

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