Enron former chief denies fraud at collapsed utility: prosecutors say that Lay took helm of a conspiracy; 'failure is not a crime'

Article Abstract:

Kenneth L. Lay, former chief executive of Enron Corp., has pleaded not guilty to securities fraud, and was released on $500,000 bail. Prosecutors have charged Lay with taking control of a conspiracy to conceal the firm's rapidly declining finances. Lay states he only failed to save the company but did not participate in criminal activity.

Lay, Kenneth

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First Enron trial begins Monday: case involving energy barges asks whether Merrill's purchase was a sham to earn $12 million

Article Abstract:

On September 20th, the trial begins to determine whether defendants illegally manipulated Enron Corp.'s books by allowing Merrill Lynch play the buyer in an allegedly rigged purchase of a share in some Enron barges. It is the first test of whether criminal acts took place in the energy company.

Nigeria, Merrill Lynch & Company Inc.

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Eurex Committee may investigate Citigroup trade

Article Abstract:

The Citigroup Inc. stock market manipulation case is expected to be passed on to the Eurex AG derivatives exchange sanctions committee in the next couple of days.

Germany, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Financial services industry, Citigroup Inc., C, Eurex Frankfurt AG

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