What could be sweeter than the prospect of Karl Rove doing the frog march? How about Ken Lay doing the perp walk?
Federal regulators have asked a federal court to force former Enron Corp. Chairman Ken Lay to hand over documents they believe will shed light on the company's collapse.
Lay has refused to turn over the records, citing his Fifth Amendment right against self-incrimination.
The Securities and Exchange Commission, trying to determine whether Lay engaged in any fraudulent activities at Enron, has subpoenaed documents from Lay's tenure at the one-time Houston energy giant.
In a filing today with the U.S. District Court for the District of Columbia, SEC officials argued the documents they want to review are corporate records that Lay has no right to withhold.
"It is well settled that a corporation has no Fifth Amendment rights and an individual cannot resist the production of corporate records based on the Fifth Amendment, even where the records might tend to incriminate the individual personally," the SEC argued.