Original: On July 7, 2004, Lay was indicted by a grand jury in Houston, Texas, for his role in Enron's collapse. Lay was charged, in a 65-page indictment, with 11 counts of securities fraud, wire fraud, and making false and misleading statements.
Simplified: Lay was indicted by a grand jury in Houston, Texas, for his role in Enron's collapse and was charged with 11 counts of securities fraud, wire fraud, and making false and misleading statements.