Thursday, July 08, 2004

If you've been following the business and stock market news -- lately eclipsed by war and election news -- Kenneth (Ken) Lay of Enron has been indicted and will surrender to federal authorities in Houston this morning. The indictment will be unsealed today.

Interestingly, his chances of acquittal would be greater if he'd committed murder. The odds of acquittal on securities charges are just more than 7%, and they likely fade even further for multiple-count indictments such as the one Lay faces, according to an article today in Forbes magazine online.

Read HARVESTING THE SEEDS OF THE NEW WORLD ORDER for some insight about recent developments in business and the stock market over the past 10 years, including offenders like Ken Lay and Bernie Ebbers.

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