Enron chief faces 11 charges over firm collapse

Former Enron chief executive Kenneth Lay was involved in a wide-ranging scheme to deceive the public, company shareholders and government regulators about the energy company that he founded before its collapse in 2001, according to an 11-count indictment today.

The federal indictment adds Lay to charges already filed against his hand-picked protégé, former chief executive Jeffrey Skilling, and former top Enron accountant Richard Causey.