The mills of the gods grind slowly -- especially in cases that require forensic accounting and nailing folks at a lower level who can turn state's evidence -- but the grind exceedingly small.
Kenneth Lay, the former Enron Corp. chief executive who insisted he knew nothing about financial fraud at the energy trading giant, has been indicted on criminal charges, sources told The Associated Press on Wednesday.
The action caps a three-year investigation that has already seen several other executives charged and, in some cases, already sentenced to prison for their roles in the company's scandalous collapse.
Lay was expected to surrender to federal authorities Thursday, said the sources who spoke on condition of anonymity.
[...] The Securities and Exchange Commission (news - web sites) was expected to bring civil fraud charges against Lay on Thursday, including making false and misleading statements and insider trading, a person familiar with the case said, speaking on condition of anonymity.
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