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  1. #1
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    TX - Kenneth Lay & Jeffrey Skilling for Enron fraud, money laundering, Houston, 2006

    The verdict will be announced at noon EDT. I personally think both of these guys are guilty!

    http://www.foxnews.com/story/0,2933,196983,00.html

  2. #2
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    Quote Originally Posted by nanandjim
    The verdict will be announced at noon EDT. I personally think both of these guys are guilty!

    i hope the jury sees it the way you do nan. i don't know if you live in texas, but things were really bad here when all this happened and all those employees lost their jobs, retirement, etc. i hope there is prison time for both.

  3. #3
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    Quote Originally Posted by izzyB
    i hope the jury sees it the way you do nan. i don't know if you live in texas, but things were really bad here when all this happened and all those employees lost their jobs, retirement, etc. i hope there is prison time for both.
    I hope they do too issyB. It is a shame. LONG jail time IMO.

  4. #4
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    Ken Lay is GUILTY on ALL counts!!!!!!

    The talking heads are saying that KL will be in jail for the rest of his life -- good riddance!!

  5. #5
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    Jeff Skilling is NOT GUILTY on insider trading counts but GUILTy on at least 35 counts of conspiracy and fraud (the same ones that Lay was found guilty for)

  6. #6
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    I'm not from Texas, but there is no way that I thought that the CEO's of the company did not know what the h*ll was going on. I did not believe that Fastow orchestrated this entire "scam" on his own.

    Here's a link to the verdicts.

    http://money.iwon.com/ht/nw/bus/2006...=home&SEC=news

    http://apnews1.iwon.com//article/200...=home&SEC=news

  7. #7
    yep, turned the TV on just now...a guy just say "Lay is toast"....

  8. #8
    Quote Originally Posted by Cypros
    Ken Lay is GUILTY on ALL counts!!!!!!

    The talking heads are saying that KL will be in jail for the rest of his life -- good riddance!!
    lol @

    my sentiments also...

  9. #9
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    Quote Originally Posted by close_enough
    yep, turned the TV on just now...a guy just say "Lay is toast"....
    They said that Lay had recently filed for bankruptcy. Call me a cynic, but I do not believe that this multimillionaire who hired a PR rep after he was charged is anywhere near bankrupt. He probably has taken precautions to protect his money because he knew this day was coming.

  10. #10
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    I heard this morning that he donated $1.1 million to a university. They said that it couldn't be used for what he initially intended it for (don't remember what that was), so he recommended donating the money to hurricane victims. They said they couldn't do that either. He then recommended that they return the money to him, but they said NO WAY. LOL


  11. #11
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    Quote Originally Posted by nanandjim
    They said that Lay had recently filed for bankruptcy. Call me a cynic, but I do not believe that this multimillionaire who hired a PR rep after he was charged is anywhere near bankrupt. He probably has taken precautions to protect his money because he knew this day was coming.
    It's an old story, isn't it? I just read Anthony Trollope's The Way We Live Now, written in the 1870s. Similar scandal in many ways and, yes, the head man had money squirreled away in his daughter's name.

  12. #12
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    Quote Originally Posted by Cypros
    Ken Lay is GUILTY on ALL counts!!!!!!

    The talking heads are saying that KL will be in jail for the rest of his life -- good riddance!!
    Both men deserve it.

  13. #13
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    Quote Originally Posted by Jeana (DP)
    I heard this morning that he donated $1.1 million to a university. They said that it couldn't be used for what he initially intended it for (don't remember what that was), so he recommended donating the money to hurricane victims. They said they couldn't do that either. He then recommended that they return the money to him, but they said NO WAY. LOL
    1.1 million of STOLEN money! I am glad that they won't return the money. After all...it isn't his. Remember how he wouldn't let his employees sell their stock at the end...before the crash of Enron, all the while the executives were all selling out of theirs? Those guys are freaking scum! They are nothing more than common thieves.

  14. #14
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    Quote Originally Posted by deandaniellws
    1.1 million of STOLEN money! I am glad that they won't return the money. After all...it isn't his. Remember how he wouldn't let his employees sell their stock at the end...before the crash of Enron, all the while the executives were all selling out of theirs? Those guys are freaking scum! They are nothing more than common thieves.
    Well he did "earn" millions of dollars legally. We don't know what pot that amount came from.

  15. #15
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    Quote Originally Posted by Cypros
    Ken Lay is GUILTY on ALL counts!!!!!!

    The talking heads are saying that KL will be in jail for the rest of his life -- good riddance!!
    YIPPEE!!!! Living in Houston, we have friends that lost everything because of this man. I hope he rots in the hell he created.

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