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Thursday, July 8, 2004

Former Enron CEO Kenneth Lay Indicted, Pleads Not Guilty

The WSJ reports that former Enron Corp. CEO Kenneth Lay was indicted today and pleaded not guilty to federal charges that he was involved in a scheme to deceive the public, company shareholders and government regulators about the energy company that he founded. In addition, the SEC also filed civil fraud charges against Lay, accusing him of making false and misleading statements and insider trading.

A copy of the indictment is available here and a copy of the SEC's civil complaint is available here. Both actions are pending in the U.S. District Court for the Southern District of Texas, Houston Division.

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