| Posted by Unmarked Package to jbwbubba; All On News/Activism 12/30/2005 11:11:45 AM CST · 23 of 74 Jeffrey Skilling and Kenneth Lay will be convicted on charges of conspiracy and fraud for their parts in the collapse of the Enron Corp. CEOs and Board Members across the nation will be astounded by the extreme severity of the prison sentences imposed. |
My money is on them not being convicted at least for the accounting fraud portions, because it seems to me that the heavy use of SPEs is was technically not illegal at the time (and still isn't) according to GAAP accounting rules and SEC requirements.