Lay is known to have sold $100m in Enron stock between February 1999 and July 2001 and he may have sold stock to the value of $184m in all. He is also accused of selling off after his infamous meeting with 'whistle-blower' Sherron Watkins in August 2001. Watkins warned Lay at that meeting that the off-balance sheet partnership vehicles created by the company could lead to its destruction.
Ex Enron Chief In Insider Dealing Probe
Reuters reports that the FBI's investigation into former Enron Chairman Kenneth Lay is now looking into allegations that he illegally sold company stock after he became aware that Enron was in deep financial trouble.
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