Enron Inquiry Turns to Sales By Lay's Wife

Article Abstract:

The Department of Justice Enron Task Force has begun investigating Linda Lay, wife of Enron's former chairman, for illegal insider trading. On the morning of Nov. 21, 2001, when investors realized that Enron was headed toward bankruptcy, Ms. Lay sold 500,000 shares of the company, through the Linda and Ken Lay Foundation, for a payout of $1.2 million.

Investigations, Insider trading in securities, Insider trading (Securities), Lay, Linda, United States. Department of Justice. Enron Task Force

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Ex-Chief of Enron Pleads Not Guilty to 11 Felony Counts

Article Abstract:

Kenneth L. Lay, former chief executive officer of Enron Corp., faces 11 felony charges including wire, bank and securities fraud. The Securities and Exchange Commission has also filed a civil complaint.

Management dynamics, Analysis, Management, Company business management, United States. Securities and Exchange Commission, Indictments

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What Really Happened at Bayou

Article Abstract:

The $300 million fraud that hedge fund firm Bayou Group is accused of began in 1998, when executives Daniel E. Marino and Samuel Israels III decided to create a fake audit to hide the funds losses.

Police Protection, Fraud, Management investment, open-end, Chief financial officers, Records and correspondence, Mutual fund industry, Chronology, Israel, Samuel III, Marino, Daniel E.

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