Enron Execs Lay -Skilling Convicted of Fraud and Conspiracy

[bestsynd]

Enron Convictions - Ken Lay and Jeffrey Skilling Convicted of Fraud and Conspiracy From Collapse of Energy Company - Sentenced Later

May 25th 2006


Enron Logo

A jury found Enron executives Ken Lay and Jeffrey Skilling guilty of fraud and conspiracy in the 2001 demise of the energy company. The jury of eight women and four men rendered their verdict in less than six days of deliberation after a four month trial. Analysts expect both Lay and Skilling could face 20 to 30 years in prison.

Lay, age 64, was convicted of six counts of conspiracy and fraud while the 52 year old Skilling was found guilty of 19 counts of conspiracy, fraud, insider trading and false statements. Matt Daily of Reuters reported that the jurors said they had to disregard the testimony from the two defendants that indicated they believed Enron was a healthy, vibrant company just months before its collapse. Jurior Freddy Delgado said “To say that you didn't know what was going on in your own company is not the right thing."

Enron was once the ranked 7th in the Fortune 500 and took nearly $60 billion in market value when it collapsed. Retirees lost an estimated $2.1 billion in pension plans and there were 5,200 jobs lost when the company crumbled.

Complete Best Syndication Article

[Nictoe]

Well, they didn't call it the: CROOKED E for nothing

[Nictoe]

Seems like Mr. bush's good ol Kenny boy...has already been sentenced to death:

Enron Founder Kenneth Lay Dies at 64

Jul 05 11:24 AM US/Eastern

[theLIBERTARIAN]

This could almost be a health article. I am amazed at how stress can affect us. My brother had what seemed to be a heart attack within a couple weeks of his wife's death. Meditation and other things may help - maybe??

[Nictoe]