Enron's Kenneth Lay Arrested

Updated from July 7

Kenneth Lay, the indicted former chairman of Enron, turned himself into authorities in Houston Thursday, capping more than two years of prosecutorial pursuit in America's most notorious corporate collapse.

Lay, Enron's well-connected architect whose aloof manner infuriated investors as the energy trader sank into insolvency, was handcuffed and taken by FBI agents to a federal courthouse, where he is expected to be arraigned on criminal charges including insider trading.

According to a source, the charges will be similar to those filed in February against Jeffery Skilling, Enron's former chief executive, who was indicted on securities fraud and insider trading charges. The Securities and Exchange Commission also is expected to file civil charges against Lay along with the criminal charges being brought by the Justice Department's Enron Task Force. ...