Former Enron Corp. executives Kenneth Lay and Jeffrey Skilling were convicted of conspiracy and fraud on Thursday as one of the largest business scandals in U.S. history came full circle.
The jury came to the decision during their sixth day of deliberations, following the nearly four-month trial. As the convictions were announced Lay’s wife, Linda, was seen crying while Lay and Skilling were said to look shaken and dazed.
The verdict places the blame for the demise of the energy giant and Wall Street darling on the shoulders of the two former CEOs, both of whom took the stand in their own defense and sought to convince the jury that they had no knowledge of any illicit actions at the firm.
Lay, who also founded the company, was convicted of all six counts of conspiracy and fraud and faces a maximum of 45 years in prison. Lay was also convicted on Thursday of bank fraud and making false statements to banks in a separate trial related to his personal banking.
Skilling was found guilty of 19 counts of conspiracy, fraud, insider trading and making false statements which, combined, carry a maximum sentence of 185 years. He was found not guilty on nine criminal counts.
As it should be!
If you can’t do the time then don’t do the crime.
They got exactly what they deserved.
The moonbats aren’t satisified. They want pain, torture, humiliation, and unending reparations for the people from Lay, Skilling, and the Republicans for the rest of their lives.
Give them what Bernie Ebbers (Worldcom) got.
PCD: Somewhere out there is an image of George W Bush on the Enron corporate jet shaking hands with his “good friends at Enron”… Unfortunately I cannot find it, so these will have to do:
Bush Sr. and Ken Lay
Bush Jr. and Ken Lay
..Chuck..
Dear Chuck- You know it wouldn’t be a good day for me if I didn’t balance that with this:
Enron’s Democrat Pals
Documents obtained by TIME show the energy giant enjoyed much closer ties with Clinton Administration regulators than was generally known
Let’s not forget Ken Lay played golf with Bill Clinton. Clinton helped Ken Lay get a $3 billion power plant project in India for Enron. Four days before the deal went through, Enron gave $100,000 to the Democratic party.
Just something to keep in mind.
Ken Lay will spend the rest of his life behind bars!
“Ken Lay will spend the rest of his life behind bars!”
Oh, Boo-Hoo. I’m sure the Enron employees who lost everything feel just terrible for the poor man.
Oh, Boo-Hoo. I’m sure the Enron employees who lost everything feel just terrible for the poor man.
I don’t. I think they want him to spend the rest of his life in jail.
As a side note..it doesn’t pay to put your entire nest egg in 1 basket!
#5: Remember when this Enron scandal first broke the Democrites and the MSM propagandists immediately turned it into a Bush admin thing? But the truth is that the Enron crooks were chummy with the Klinton Admin. They never got anything from the Bush admin other than prosecution.
But we know, the “Republican” culture of corruption, oh yes.
“As a side note..it doesn’t pay to put your entire nest egg in 1 basket!”
Yeah, we can agree that that is not a good idea. (!)
Hey, you Democrites, Ken Lay was Clinton’s guest in the Lincoln bedroom several times. How does that make him a Bush crony?
Oh, I forgot, your religion demands that everything bad has to be tied to Republicans no matter how tied they are to Democrats.
See how the MSM is trying to Fob off Rep. Jefferson on the Republicans?
Good balance Peejz! Just goes to show that these guys are equal opportunity criminals.
..Chuck..