Enron Boys are Guilty

by Karoli on May 25, 2006

And it’s about time.

Ken Lay and Jeffrey Skilling were both found guilty!

Lay, 64, was convicted on all six counts against him, including conspiracy to commit securities and wire fraud. He faces a maximum of 45 years in prison.

Skilling, 52, was convicted on 18 counts of conspiracy and fraud. Combined with his conviction on one count of insider trading, he faces a maximum of 185 years in prison. Skilling was acquitted of eight other charges he faced relating to insider trading. That means he faces a possibility of 10 instead of 100 years in prison for insider trading alone.

They have earned every verdict they received. Congratulations to the jury.

Technorati Tags: enron, kenneth lay, jeffrey skilling, guilty verdict

Tagged as: Business

drumsnwhistles

Hey Eldest, welcome to the blog!

Any irony in the sentencing date? 9/11/2006...

If you haven't watched it (and I'm sure you have), get the movie "Enron: The Smartest Guys in the Room"....

The music is great; the message even better.

Sean Himebaugh

Amen and preach on!
As vindictive as it might sound, I would like to see public crucifixions for what those guys did to the thousands of American workers who lost everything because of Enron's shady accounting and profit manipulations.

The only guy that really got away was Lu Pai...he made of with about a quarter billion dollars and a clean slate. I guess there's not much that can be done about that, but it's nice to see that there is some form of justice in America, after all.

Thank you Jury. Thank you American Spirit; the spirit that refuses to let eggregious sins go unpunished. Sentencing is set for September 11th. I'll be waiting with baited breath for that day. I just hope that some nonsensical diversion does not happen around that time that prevents them from getting their just deserts!

Here is an interesting tidbit about Sept. 11. We all know about 9/11/01, but there is something that hasn't been talked about much. That day, before the WTC attacks, the cover story on the New York Times was about how Dr. Henry 'Strangelove' Kissinger was being indicted on war crimes for his involvement in three specific activities: his unilateral prolonging of the Vietnam War in order to force Detente` on China, his giving Indonesia the go ahead to invade and slaughter 300,000 plus in E. Timor under Ford, and his involvement in overthrowing democratically elected Chilean president Salvador Allende on behalf of dictator and bad-guy General Augusto Pinochet. And, what happened to Dr. Kissinger? Nothing. Why? The media was distracted with other things. I just hope that doesn't happen again!

Thanks,
Sean