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Sources: Lay Indicted in Enron's Collapse...

by Blake Cook / July 7, 2004 7:25 AM PDT

HOUSTON (AP) - Former Enron Corp. chairman and CEO Kenneth Lay has been indicted on criminal charges related to the energy company's collapse, sources close to the case told The Associated Press on Wednesday.

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Better Link: Enron's Ken Lay Indicted...
by Blake Cook / July 7, 2004 7:29 AM PDT

Details of the sealed indictment are expected to be revealed Thursday. Charges could include fraud, securities fraud and insider trading, reports CBS MarketWatch. Justice Department officials and prosecutors declined to comment.

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It will be interesting to see what
by Kiddpeat / July 7, 2004 7:35 AM PDT

those who said it wouldn't happen say now. Maybe, 'It's an election ploy'?

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Maaybe Mr. Bush will admit he made a mistake? (NT)
by gearup / July 7, 2004 8:36 AM PDT

.

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Re: Maaybe Mr. Bush will admit he made a mistake? (NT)
by Paul C / July 7, 2004 12:15 PM PDT

Hi, gearup.

No mistakes need be admitted to, as none were AFAIK made.

What exactly did Enron get from the Bush administration? A bailout as they wanted? No. Favorable consideration in contracts? Nope. Anything other than the right to go out of business, go bankrupt and have its senior executives all indicted? No again.

The fact is that Enron got all its government goodies (lobbying assistance for overseas projects, tax breaks, favorable regulatory decisions) prior to 2000; remind me again as to who exactly was President then?

If this indictment took so long to obtain, it's due to the fact that prosecutors doubtless wanted to make this as close to an airtight case as humanly possible.

Worry not, Gearup; there will be even more legal actions brought against Enronites by this administration over the next four years... Wink

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The other way around, Paul...

.
"What exactly did Enron get from the Bush administration?" - Paul C.

What exactly did the bush administration get from Enron...
.

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Re: The other way around, Paul...
by Paul C / July 7, 2004 11:11 PM PDT

Charlie,

What exactly did the bush administration get from Enron...

According to FEC records, the answer is: campaign cash (Now THERE"S a surprise!). Of course, the same FEC records indicate that Enron gave 65% of its campaign cash during the 1996 election cycle to....the Democratic National Committee, the Clinton reelection effort and associated entities. IOW, Enron did exactly what most corporations do in election years: give to both sides, with a predictable bias in favor of the incumbent, if there is one.

It seems that in the case of President Bush, they got a real poor return on investment, if Federal help healing their self-inflicted wounds was the objective...

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Re: What did Enron get?

Hi, Paul.

Enron got government inaction while they raped California and its taxpayers. And while clearly (and successfully) aimed at Gray Davis' political aspirations (few remember he was being talked up as a presidential contender in early 2001), the drain from the economy of California (and hence the nation) into the pockets of Lay, Schilling et al. undoubtedly worsened the recession, and hence harmed us all.

-- Dave K, Speakeasy Moderator
click here to email semods4@yahoo.com

The opinions expressed above are my own,
and do not necessarily reflect those of CNET!

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(NT) Laughable!
by Evie / July 7, 2004 11:31 PM PDT

.

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Apparently so, at least according to the audio tapes....
by Josh K / July 8, 2004 12:16 AM PDT
In reply to: (NT) Laughable!

...of Enron execs laughing it up.

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Which were far from the smoking gun ...
by Evie / July 8, 2004 12:27 AM PDT

... for Dave's conspiracy theory. Anyone that actually read the history of the energy crisis in CA knows that Enron's shenanigans took place with the blessings of Clinton DOE policies and Davis' own cronyism and corrupt dealings. His premise that Enron helped Bush (or is that Bush helped Enron) bring down the aspiring Davis is indeed laughable. Davis' demise was his own doing.

Evie Happy

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(NT) (NT) Re: Lay Indicted -- Lay down, DeLay to go!
by Dave Konkel [Moderator] / July 7, 2004 3:20 PM PDT
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Then, Dave...
by J. Vega / July 8, 2004 12:31 AM PDT

Dave, then can we look into Clinton's pardons?

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Re: Lay Indicted in Enron's Collapse -- and has surrendered
by Dave Konkel [Moderator] / July 7, 2004 11:22 PM PDT
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Re: Lay Indicted in Enron's Collapse -- and has surrendered
by Evie / July 7, 2004 11:38 PM PDT

Let's see:

At the time, Quanell X was taking in a suspect accused of shooting a police officer.

They were to head to police headquarters downtown, but prosecutors say they took a detour, and that's why officers decided to pull them over.

"The officer -- in pursuing the defendant -- used lights and sirens in an attempt to stop him, and the defendent just refused to stop," said Harris County Prosecutor Denise Nassar.


Last I checked, Mr. X is not an officer of the court or attorney at law. The police were extending a courtesy in letting him bring this suspect in in the first place. He deviated from the route, and refused to pull over.

Yep! Just like Ken lay being driven by his wife directly to the FBI building to be indicted for a non-violent crime and going straight there.

Another laughable assertion by you!

Evie Happy

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Re: Lay Indicted in Enron's Collapse -- and has surrendered
by gearup / July 8, 2004 12:58 AM PDT

for a non-violent crime against tens of thousands of people! Not to digress but what bearing does what Clinton did have on what Bush is doing? It isnt an equation no matter how many zealots claim it is. No more so than when the Bush dynasty ends will what he did make the next administrations decisions right or wrong!

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Re: Lay Indicted in Enron's Collapse -- and has surrendered
by Evie / July 8, 2004 1:12 AM PDT

What IS Bush doing pertaining to Enron that upsets you? Not innuendo about "Big Oil" and conspiracy theories please.

The circumstances Dave sought to relate were totally irrelevant. I won't debate the facts of violent vs. non-violent crime. I am amazed at all that the Houston police would allow Quanell X to transport a suspect in a police shooting rather than apprehending him themselves. I'm quite sure Lay has been under surveillance, and had he been found at the Mexican border in a blonde wig and a stash of cash ...

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P.S. This is the background on the man Quannel X ...
by Evie / July 8, 2004 1:22 AM PDT

... was transporting.

Shooting suspect turns to Quannel X for help

The man accused of shooting an HPD officer Wednesday morning is working with African-American leader Quannel X to negotiate his surrender to police.

Derrick Forney had reportedly been set to turn himself in to authorities Thursday evening, but as of late Thursday night, that had still not happened....

... Police say Forney still has the handgun used in the shooting, and he's considered armed and dangerous.

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Ummm, its the left which is charging corruption and
by Kiddpeat / July 8, 2004 3:15 AM PDT

conspiracy in this thread. Thus, the Clinton pardons are fair play. We DON'T KNOW how many people have been affected by those pardons. What we do know to a reasonable degree of certitude is that Clinton was far more corrupt in the pardons than Bush EVER WAS in Enron. There is no Statute of Limitations on investigating corruption.

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It is interesting to see the spin at work. Let's see:
by Kiddpeat / July 8, 2004 3:09 AM PDT

1. It was a Bush/Lay conspiracy to enrich Enron - no mention of why Bush's DOJ is prosecuting.
2. It was a Bush/Lay conspiracy to force Davis out of office and win California in 2004 - no mention of why a Lay indictment in 2004.
3. It was a conspiracy to suppress prosecution - in earlier posts.
4. It is a selective prosecution because the Houston police didn't have an APB out to stop Lay on the freeway and arrest him.

Gee Dave, I'ld really love to see the scientific theories you come up with. Oh yes, there IS global warming. I guess it all fits quite nicely.

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