February 19, 2004
Former Enron chief executive officer Jeffrey Skilling was indicted on 35 counts of fraud, conspiracy and insider trading. He was released after posting a $5 million bond. Former chief accounting officer Richard Causey, previously indicted in January on six counts of fraud, was also charged in this new indictment. The indictment said Skilling between 1998 and 2001 received about $200 million from the sale of Enron stock and stock options, netting more than $89 million, and received more than $14 million in salary and bonuses.Causey reportedly received $14 million from stock and stock option sales, netting more than $5 million, and received more than $4 million in salary and bonuses.
Kenneth Lay, chairman of Enron’s board of directors and CEO of the company is yet to be indicted