The Houston Chronicle reports that within the next two weeks, prosecutors will ask a federal grand jury to indict former Enron CEO Ken Lay for conduct that occurred during his last few months at Enron.

Prosecutors have been busy calling witnesses to the grand jury this past week, purporedly asking about Lay. While the prosecution is under a rule of secrecy, witnesses are not in the federal system. Here's what the prosecutors are believed to be asking about:

· Lay's receipt of three memos or e-mails warning of financial trouble and fraud at the company within weeks of Jeff Skilling's abrupt August 2001 departure as CEO.
·His public statements to investors and analysts.
·Lay's attempt to find an alternative to having to substantially write down the "goodwill" or excess price paid for assets.
·His trades of company stock for millions of dollars in company cash in those last months.

Sounds like they can't prove he was a participant in the main crimes, so they're going for the aftermath and coverup.