|THE INVESTIGATION |
Dozens of lawsuits have been filed against the company by an array of pension funds. Dozens more are directed at former Chairman Kenneth L. Lay, former CEO Jeffrey Skilling and former Chief Financial Officer Andrew Fastow. The suits could take years to resolve. U.S. District Judge Lee Rosenthal in Houston says she will consider freezing Enron officers' and directors' financial assets.
In late August 2002, Michael J. Kopper, a former director in Enron's global finance unit, pleaded guilty to wire fraud and money laundering. Kopper's plea is the first admission of guilt by a former Enron official. In addition, the Securities and Exchange Commission may file separate civil charges alleging that Kopper broke securities laws. Related Article
In early October, Fastow was charged with securities, wire and mail fraud, money laundering and conspiring to inflate Enron's profit. Related Article