Replies to post #28430 on Pinnacle Business Management (Prev SRCI)

[BullNBear52]

Not necessarily. You need to wait for the indictment to be unsealed to see what he's being charged with.

[Tate202]

He actually seems like the kind of guy that would be rich without money.

[BullNBear52]

tim, The indictments are out....

http://news.findlaw.com/nytimes/docs/enron/usvlay70704ind.pdf

As has been the pattern with most of the 21 other ex-Enron employees charged with crimes, the U.S. Securities and Exchange Commission (news - web sites) also filed civil charges against Lay.


The SEC, which said Lay made unlawful proceeds of over $90 million in 2001, charged him with fraud and insider trading.

http://story.news.yahoo.com/news?tmpl=story&cid=568&e=2&u=/nm/20040708/bs_nm/enron_lay_d...


Between the Feds and the SEC he won't have much walking around money.