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I read the indictment last night. It is basically an update to the one filed against Skilling and Causey earlier this year. They are being charged together as conspirators. The charges against Lay portray him as a "protector" of the conspiracy, which was orchestrated by Fastow and Skilling.
In an unusual move, Lay has made a public statement blaming the fraud on Fastow. His attorneys are trying to get his trial severed from the others. I think the judge would be making a mistake to allow it.
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