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Enron's Lay, Skilling Found Guilty of Conspiracy and Fraud
FNC ^ | May 25, 2006 | self / news

Posted on 05/25/2006 9:11:42 AM PDT by Smedley

Just on the News - Ken Lay convicted on all counts - Skilling convicted on most of the 28 counts against him. Quick jury verdict.

(Excerpt) Read more at foxnews.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: crime; enron; kenlay; kennyboy; skilling; verdict
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To: Rte66
BS

So you are saying that Ken Lay and GW Bush aren't linked?
81 posted on 05/25/2006 5:37:31 PM PDT by Stone Mountain
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To: Stone Mountain

Not "strongly," like you said, no.


82 posted on 05/25/2006 8:01:02 PM PDT by Rte66
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To: genxer

Harris County sends more criminals to death row. I am surprised that the jurors made their verdict so soon. I expected it by June or even July.


83 posted on 05/25/2006 10:32:31 PM PDT by Ptarmigan (Ptarmigans will rise again!)
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To: Smedley

I hope they never smell free air again as long as they live.


84 posted on 05/25/2006 10:33:38 PM PDT by no dems (I guess I'm a "Johnny one-note" type voter, but I'll keep singing out against abortion.)
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To: Smedley

I am very happy that Ken Lay was found guilty. All corporate heads of many companies should take heed that they will be responsible and held accountable in a court of law if greed gets in the way of their corporate judgements. But I also feel that a person should sink all of his assets in 401ks. I believe that a person should diversify his assets into low risk mutual funds and annuities.


85 posted on 05/25/2006 11:15:55 PM PDT by garbageseeker ("Simplex veri Sigillum"-Simplicity is the seal of truth)
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To: Smedley
I made an egregious error in my post.

I meant a person should not sink all his savings in 401ks.

When companies go bankrupt 401ks disappear and worth nothing.

Please forgive me for my error.
86 posted on 05/25/2006 11:52:52 PM PDT by garbageseeker ("Simplex veri Sigillum"-Simplicity is the seal of truth)
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To: genxer

"This is houston. Responsible citizens go to jury duty and pay attention."

Maybe in criminal cases, but Houston has a rep for making extraordinarily high civil damage awards.


87 posted on 05/26/2006 5:46:14 AM PDT by Canedawg (In God We Trust)
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To: areafiftyone

Bookmark


88 posted on 05/26/2006 7:01:33 AM PDT by avacado
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To: Allegra

"I have two friends who worked for Enron and had their retirement savings wiped out. They got some recompensation in dribs and drabs, but just a small fraction of what they lost."

I'm sorry for your friends and to everyone else that lost money to these scumbags. Enron damaged a lot of people's lives.

If I remember correctly, in the state of Texas, your personal domicile cannot be confiscated in the event of a lawsuit or criminal trial. The Lay's own a $6million dollar condo (probably worth more now) that can't be touched. Anyone familiar with Texas law want to add info?


89 posted on 05/27/2006 7:49:58 AM PDT by khnyny
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To: decal

"Far as I know, we still don't know which one it was."

It was a male teacher, I believe. Name unavailable.


90 posted on 05/27/2006 7:52:57 AM PDT by khnyny
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Comment #91 Removed by Moderator

To: Anita1
I forgot to say that this report was done in Nov. 2003; but, from the people I know, things are pretty much the same because the individuals are almost the last to get any monies (after the creditors are paid).
92 posted on 05/28/2006 12:23:44 AM PDT by Anita1
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To: Rte66

It doesn't do any good to deny the obvious. President Bush's name for him was "Kenny Boy," and the President used Ken's airplane to fly all over the US in his presidential campaign.

President Bush isn't responsible for Enron, or Ken Lay, or what they did. He is responsible for the Justice Department that put Lay in prison.

I personally feel Lay and Skillern are scape-goated, which isn't to say they did no wrong. Their company hurt a lot of people, and they had to swing for it.


93 posted on 05/28/2006 12:53:25 AM PDT by David Allen (the presumption of innocence - what a concept!)
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To: Anita1

Bankruptcy experts say that the Enron bonuses were vulnerable to criticism because they were so large and were paid immediately before the bankruptcy filing, not after.

People who bankrupt a company are owed a bonus? That's like giving a raise to a truck driver who rolls three rigs in a week.


94 posted on 05/29/2006 4:38:59 AM PDT by freedomfiter2
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To: george wythe

Two set of rules. One for the commoners, another one for the lords.


Yes, but in the case of Social Security most citizens are willfully complicit.


95 posted on 05/29/2006 4:43:55 AM PDT by freedomfiter2
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