Kenny Boy’s insider trading

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 are pursuing it (short answer: their burden of proof is lower). It’s an interesting read and a useful counterbalance to the earlier piece which basically laid out Lay’s defense against these charges. Check it out.

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