Category Archives: Enronarama

Now that Kenny Boy Lay has been officially indicted, his alma mater has publicly considered its options for the economics professorship he endowed, and the $1.1 million donation that came with it (link via Kevin). Today, Chron columnist Loren Steffy … Continue reading → Continue reading →

Kenny Boy says “Try me now!” Ex-Enron Chairman Ken Lay wants to go to trial immediately and alone, possibly without a jury, and he’s ponied up some $15 million to get it done, according to court papers filed Monday. Lay, … Continue reading → Continue reading →

Ginger emailed me about this TechCentral Station column in which author Gil Weinrich laments using criminal justice remedies for white-collar crimes. Andrew Fastow is expected to serve a 10-year sentence, and Enron CEO Kenneth Lay could face as much as … Continue reading → Continue reading →

John Forney, come on down! You are the next contestant on Plead Guilty and Promise The Feds You’ll Cooperate! John Forney, 42, of Ohio, is the third official to plead guilty to manipulating electricity prices from Enron’s now-defunct trading office … Continue reading → Continue reading →

Welcome to Club Fed, Ken Rice! Ken Rice, the former head of Enron’s broadband Internet business, became the 11th person to plead guilty to an Enron-related crime when he admitted to a single count of securities fraud this morning before … Continue reading → Continue reading →

Interesting Q&A with Mike Ramsey, one of Kenny Boy Lay’s defense attorneys. You think he knows who his audience is here? Q: Did you choose criminal defense work right out of law school? A: People ask how some left-wing crazy … Continue reading → Continue reading →

Tom Kirkendall points to this Business Week article which gives an overview of the case that Kenny Boy Lay engaged in insider trading as Enron was imploding, and also explains why it’s the SEC and not the federal prosecutors who … Continue reading → Continue reading →

Say goodbye to Jus’ Stuff, Linda Lay’s former resale shop. No story, but this picture is currently on the front page at chron.com: Continue reading →

The end of Enron draws nearer. Enron Corp. received court approval today to emerge from one of the most expensive bankruptcies in history. U.S. Bankruptcy Judge Arthur Gonzalez in New York signed off on Enron’s plan to exit Chapter 11 … Continue reading → Continue reading →

She has until 2 PM to turn herself in, at which point she puts on the orange overalls and gets acquainted to her new surroundings. The good news for her is that Andy is allowed to visit. UPDATE: And there … Continue reading → Continue reading →

Some day, someone will appear on a talk show as Ken Lay’s cellmate. After he was taken to the federal courthouse in handcuffs Thursday, ex-corporate kingpin Ken Lay started chatting with a couple of other men in his holding cell. … Continue reading → Continue reading →

Don’t expect any members of Enron’s Board of Directors to do the perp walk with Kenny Boy and his cohorts. Enron’s 14-member board could escape the collapsed company with little more than bruised reputations and perhaps a few million dollars … Continue reading → Continue reading →

Got this in the mail from the Richard Morrison campaign: With former Enron CEO Ken Lay surrendering to the FBI, Richard Morrison today called on U.S. Majority leader Tom DeLay to return all of the money he received from Enron. … Continue reading → Continue reading →

So sayeth Kenny Boy. Former Enron Chairman Ken Lay pleaded not guilty today to charges he committed fraud and lied to his employees and others. Afterward, he called a news conference and told reporters, “It has been a tragic day … Continue reading → Continue reading →

The last and biggest domino has fallen. Former Enron Chairman Ken Lay, the man who guided the energy giant to greatness and was at the helm when it crumbled, turned himself into the FBI this morning and was whisked away … Continue reading → Continue reading →

It may well be Kenny Boy, but the indictment is sealed so we don’t know for sure yet. The Enron grand jury delivered a sealed indictment in court today, and lawyers close to the case believe it contains charges against … Continue reading → Continue reading →

Via Steve Casburn: At River Oaks Elementary, there is a bench with this dedication: “Education is the key to opportunity” — in honor of Linda and Ken Lay’s grandchildren This is true. Without education, you’ll never get the opportunity to … Continue reading → Continue reading →

Kenny Boy Lay and his lawyer are in Washington to have a chat with federal prosecutors. Well, they hope to have a chat, anyway. Ex-Enron Chairman Ken Lay and his criminal defense lawyer are in Washington, D.C., this week, hoping … Continue reading → Continue reading →

Kenny Boy Lay rues his Bush family friendship, blames Fast Andy Fastow, and asks us to pity him for being down to his last million in this interview. There was a time when Kenneth L. Lay’s close relationship with President … Continue reading → Continue reading →

The moment we’ve all been waiting for is nigh: Prosecutors seeking Lay indictment. Federal prosecutors plan to ask a grand jury to indict Ken Lay on charges relating to the last few months he was at the helm of Enron … Continue reading → Continue reading →

Former managing director of investor relations for Enron Paula Rieker pleaded guilty yesterday to one felony count of insider trading, and made a deal to work with prosecutors. Rieker, 49, pleaded guilty to one felony count and admitted she made … Continue reading → Continue reading →

Some action from one of the many class action lawsuits filed in the wake of the Enron collapse. This one seeks to benefit the retirement fund of current and former Enron employees. The settlement is at the level of the … Continue reading → Continue reading →

Am I a bad person for admitting that I find this funny? A federal judge on Friday ordered former Enron CEO Jeff Skilling to stop drinking alcohol, find a job or volunteer work and obey a curfew — one month … Continue reading → Continue reading →

Lea Fastow will get one year in Club Fed after pleading guilty to a single misdemeanor charge. “I’ve made an error in judgment that I will always regret for the rest of my life,” she told U.S. District Judge David … Continue reading → Continue reading →

If at first you don’t succeed, reduce the charges. The Enron Task Force had successfully sought an indictment on two counts of felony conspiracy and four counts of making false tax statements. On Thursday, those six charges were replaced with … Continue reading → Continue reading →

The feds are attempting to have Jeff Skilling’s bail revoked by claiming that his recent drunken shenanigans violated the terms of his release. Federal prosecutors say ex-Enron CEO Jeff Skilling violated his $5 million bond in New York City earlier … Continue reading → Continue reading →

This is just weird. If Jeff Skilling’s lawyers are right — that he and his wife were taken to the hospital after being attacked by two men on New York City’s Upper East Side on Friday morning — the case … Continue reading → Continue reading →

Whoa. Things just got exciting again in Enronville. Lea Fastow could be the first former Enron employee to go to trial after all. U.S. District Judge David Hittner announced to a crowded courtroom this morning that he would not follow … Continue reading → Continue reading →

After all that hoo-hah, ChevronTexaco went ahead and bought the Enron Building anyway, without the tax abatement from Harris County. Houston City Council had already agreed to give ChevronTexaco a tax break on $64 million in building improvements and furnishings, … Continue reading → Continue reading →

When last we met, the County Commissioner’s Court was wreaking havoc on the proposed sale of the Enron building to ChevronTexaco by playing coy about a tax abatement for improvements. We see today that they haven’t changed their tune. Harris … Continue reading → Continue reading →

The Enron federal prosecutors have asked the judge to give Lea Fastow a five-month sentence as they had promised in return for hubby Andy’s testimony. Enron Task Force prosecutors Linda Lacewell and Andrew Weissmann filed objections to the pre-sentence investigation … Continue reading → Continue reading →

Apparently, there’s a buttload of paperwork that no one particularly feels like wading through about now. Who can blame ’em? It’s Friday. Pop open a cold one and relax. We can always do this later. Continue reading →

Uh oh. The sale of the Enron building has hit a snag over promised tax abatements. ChevronTexaco spokesman Mickey Driver said Thursday that the San Ramon, Calif.-based oil giant assumed it would get millions in tax breaks from the city … Continue reading → Continue reading →

ChevronTexaco will buy that grand monument of riches-to-rags excess, the new Enron building. They’ll move some 500 non-Houstonians (from New Orleans, Midland, and San Ramon) into it, as well as employees from their other downtown locations. A couple of points … Continue reading → Continue reading →