Gridlock News: Guilty! Skilling and Lay both Guilty
Gridlock News: Guilty! Skilling and Lay both Guilty
Reactions to the Enron criminal trial verdict - May. 25, 2006: “Enron founder Kenneth Lay was found guilty on six counts of conspiracy and fraud and former CEO Jeff Skilling was found guilty on 19 counts by a Houston jury after the trial in the biggest of the corporate fraud cases.”
Lay was separately found guilty of 4 counts of false statements and fraud.
Skilling and Lay are looking at 20 to 30 years in prison each.
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