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Wednesday, August 14, 2002




More On Enron Criminal Indictments

Yesterday, Paul Krugman mentioned the possibility of there being no criminal indictments of Enron executives. Today, the WSJ updates us:

One Year Later, Possible Charges Hang Over a Former Enron Chief

By JOHN R. EMSHWILLER and KATHRYN KRANHOLD
Staff Reporters of THE WALL STREET JOURNAL

HOUSTON -- As Jeffrey Skilling Wednesday reaches the first anniversary of his surprise resignation as Enron Corp.'s chief executive, he faces the possibility of another memorable event soon: a criminal indictment for alleged crimes at the collapsed energy trader.

Federal prosecutors are pressing ahead with their criminal investigation of Mr. Skilling and other top Enron officials, in recent weeks bringing in several lower-level executives to testify before a Houston grand jury. Mr. Skilling , a subject of the probe, potentially could face securities-fraud and perjury charges, lawyers familiar with the matter said...


Your Wall Street Journal - a day late, and a dollar more!


UPDATE: The Man says, almost Without Qualification, that this maneuvering doesn't mean much.

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