Enron Verdict - Lay and Skilling are GUILTY May 25 2006


Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.

On the sixth day of deliberations, a jury of eight women and four men convicted the former executives of misleading the public about the true financial health of Enron.

Skilling was found guilty on 20 counts of conspiracy, fraud, false statements and insider trading. He was found not guilty on eight counts of insider trading.

Lay was found guilty on all six counts of conspiracy and fraud.

In a separate bench trial, Judge Sim Lake ruled Lay was guilty of four counts of fraud and false statements.

Both Lay and Skilling could face 20 to 30 years in prison, legal experts say.

So hurray, our legal system found a way to put some of the worst of the "non-violent" criminals in jail.

The harm these men did to society - a basic reason for having laws - is huge. Many citizens lost pensions, or their stock market wealth, of which many were retirement accounts leaving those people no options to regain it. The economy itself could have been
seriously harmed by the fallout of so much wealth lost, and currency could have been devalued.

Violent criminals harm one persona at a time, usually. Small groups at most. Although violence takes lives, the result of economic crime hits so many people at once, with huge impacts on their lifestyle and ability to support themselves.

The basis of capitalism is that we will take care of our own needs by the application of our efforts. When your wealth is ripped away like this, it undermines the entire platform of capitalism. Thats why a significant deterrant to economic crimes are needed.

I hope these guys rot for life in jail, "in a lifestyle they are totaly unaccustomed to", lol. Eat my shorts Lay and Skilling.
Johnny Utah
It's a good thing since Enron started cooking the books in the 90's.
How much time do y'think??

I bet a diet pepsi on 10 years each, and they won't serve more than 3 or 4 each.

Hope I lose this one.

They will be sentenced to more than 20 years a piece, I think. The judge is the same judge who sentenced a mid-level Dynergy employee to 24 years for similar though lesser crimes.
Lets hope so Toro!
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Enron is just one of many corporate frauds that have spilled out over the last six years. Big business has a black eye. And it deserves it. According to Gwyn, folks in charge still ain't learned nuttin.
Let me try to make that link work: "http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&call_pageid=971358637177&c=Article&c id=1150408210180"
Try it without the quotes.

Let me try to make that link work: http://www.thestar.com/NASApp/cs/Con...=1150408210180

There it is without the quotes. Hmmm, will it take?
Sorry for the multiple posts. I just want a link to work.[/url]http://www.thestar.com/NASApp/cs/Con...=1150408210180

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