Lay And Skilling Convicted
A jury found the two former Enron executives guilty of conspiracy to commit securities and wire fraud. Good and long overdue. I worked with a lot of people who got screwed by these two clowns and the sleazy company they ran.
The verdict put the blame for the 2001 demise of the high-profile energy trader, once the nation's seventh-largest company, squarely on its top two executives. It came in the sixth day of deliberations following a federal criminal trial that lasted nearly four months.
Lay was also convicted of bank fraud and making false statements to banks in a separate, non-jury trial before U.S. District Judge Sim Lake related to Lay's personal banking.
Couldn't happen to a nicer couple of guys. In the supreme irony, the judge picked an interesting day to pass sentence:
He (Judge Sim Lake) set sentencing for Sept. 11. The charges for which Lay was convicted carry a maximum penalty in prison of 45 years in the corporate trial and 120 years in the personal banking trial. The charges for which Skilling was convicted carry a maximum penalty of 185 years in prison.
Other Links to this Post
-
The Sandbox — Thursday, 25 May , 2006 @ 12:06 pm
-
CARRY ON AMERICA » Blog Archive » Enron Trail-The Samurai Spy Was No Help to Kenny Boy and Skilling — Thursday, 25 May , 2006 @ 12:35 pm
-
CARRY ON AMERICA » Blog Archive » Enron Trial Observer Has Reported In — Thursday, 25 May , 2006 @ 4:06 pm
-
Assorted Babble by Suzie — Thursday, 25 May , 2006 @ 5:55 pm
-
The Real Ugly American.com » Blog Archive » Good Riddance! — Thursday, 25 May , 2006 @ 6:09 pm
By Mario G. Nitrini 111, Thursday, 25 May , 2006 @ 12:26 pm
Well,
Gaius?
You know who was Skiiling’s Attorney? Daniel Petrocelli. The same LYING SCUMBAG Attorney who represented the Illegal Sell-out Fred Goldman in The OJ Simpson Case Civil Trial, and who is the father (Fred Goldman is) of The Illegal and Criminal Kim Goldman Hahn.
Could it be What goes around comes around?
Mario G. Nitrini 111
By Mario G. Nitrini 111, Thursday, 25 May , 2006 @ 7:22 pm
Babbling Suzie,
You Got It.
Mario G. Nitrini 111
_____________________
The OJ Simpson Case
By Assorted Babble by Suzie, Friday, 26 May , 2006 @ 12:42 pm
I hope the people you know are doing better now.
So happy the jury did the right thing in this case and found these thieves guilty. Thanks for commenting on my site too. (smiling)
By Gaius, Friday, 26 May , 2006 @ 12:48 pm
They lost a lot of pension money, that will be rough on them when they retire. You’re welcome.