was he also charged with legal proceedings?
He was charged, in a 65-page indictment, with 11 counts of securities fraud, wire fraud, and making false and misleading statements.
Kenneth Lay
 Lay was charged, in a 65-page indictment, with 11 counts of securities fraud, wire fraud, and making false and misleading statements.
which of the following is true regarding revelations involving enron and worldcom UNANSWERABLE what is this enron scandal all about? It was an accounting scandal of Enron Corporation. what went wrong in the accounting department? Chief Financial Officer Andrew Fastow and other executives misled Enron's board of directors and audit committee on high-risk accounting practices and pressured Arthur Andersen to ignore the issues. who all worked in the company's accounting department? Jeffrey Skilling,  Andrew Fastow and  Arthur Andersen. which educational institutions did the first person attend? He graduated from West Aurora High School and received a full scholarship to Southern Methodist University in Dallas, Texas what was his professional designation in the organization he worked? CEO what were the legal proceedings charged against him? He was indicted on 35 counts of fraud, insider trading, and other crimes related to the Enron scandal was he imprisoned after this scandal? He was sentenced to 24 years in prison. around which year did this scandal take place? 2001 what were the legal charges filed against the second person who worked in the accounting department of that company? He was indicted by a federal grand jury in Houston, Texas, on 78 counts, including fraud, money laundering, and conspiracy. what was the punishment he received for his wrongdoings? He was finally sentenced to six years what business was that company he worked dealing with? It was an American energy, commodities, and services company. when was it established? 1985 who established it? Kenneth Lay
wiki:10658231
Kenneth Lay [SEP] Enron bankruptcy and trial
Lay's company, Enron, went bankrupt in 2001. At the time, this was the biggest bankruptcy in U.S. history. In total, 20,000 employees lost their jobs and in many cases their life savings. Investors also lost billions of dollars. On July 7, 2004, Lay was indicted by a grand jury in Houston, Texas, for his role in the company's failure. Lay was charged, in a 65-page indictment, with 11 counts of securities fraud, wire fraud, and making false and misleading statements. The Trial of Kenneth Lay and Jeffrey Skilling commenced on January 30, 2006, in Houston. Lay insisted that Enron's collapse was due to a conspiracy waged by short sellers, rogue executives, and the news media.