The Wall Street Journal’s John Emshwiller reports (subscription required) today that federal investigators are hunkering down on their investigation of former Enron Chairman and CEO, Ken Lay. Mr. Emshwiller has been reporting on the Enron meltdown from the beginning back in mid-2001, so his sources are generally good.
Probably the most worrisome Enron-related indictment for Mr. Lay to date is the one against former Enron CFO Andrew Fastow. Mr. Fastow’s recently entered into a plea agreement with the government in regard to his indictment.
By the way, Mr. Lay is well-represented by Houston criminal defense attorney, Mike Ramsey. Mr. Ramsey was on the legal defense team that gained a fair degree of national coverage recently in successfully defending Joseph Durst from murder charges in Galveston. He is one of the group of first rate Houston criminal defense attorneys who make Houston’s criminal defense bar one of the best in the nation.
Mr. Emshwiller has written a book on Enron’s meltdown called “24 Days,”, which is a decent read. However, for those of you interested in the best and most thorough book on the Enron debacle to date, pick up a copy of Bethany McLean and Peter Elkind’s “The Smartest Guys in the Room.”