© 2026 WEMU
Serving Ypsilanti, Ann Arbor and Washtenaw County, MI
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Click here to get School Closing Information

Lay Pleads Not Guilty to Enron Fraud Charges

Former Enron CEO and Chairman Kenneth Lay pleads not guilty to federal charges that he participated in a scheme to deceive investors and government regulators about his company's financial health.

Lay entered his plea in a Houston federal court after surrendering to authorities on charges of securities fraud, wire fraud, and conspiracy. NPR's Wade Goodwyn reports.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Wade Goodwyn is an NPR National Desk Correspondent covering Texas and the surrounding states.