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Once in prison, Lay and Skilling could be living with drug dealers and gang members The elimination of notoriously comfortable "Club Fed" lockups, along with a recent trend of handing out hard time to Enron-related convicts, could mean Ken Lay and Jeff Skilling will share prison space with drug dealers, child pornographers and gang members.White-collar criminals used to be able to count on assignment to minimum-security prisons, known as "Club Feds" because of their cushy conditions — dorm-style living, fewer guards and restrictions — particularly compared with traditional units. But the U.S. Bureau of Prisons has closed four of those...

See for example this thread first. With the conviction of Mr. Lay (of Enron fame) just let me say: He made a killing just like Jeffrey Skilling. In this case I think crime did pay!

Former Enron executives Kenneth L. Lay and Jeffrey K. Skilling were found guilty today on most counts in their landmark conspiracy and fraud case. In the end, the jury of eight women and four men embraced the testimony of a parade of former Enron executives who said Lay and Skilling lied publicly about the energy company's financial health and condoned, if not actively encouraged, the use of accounting tricks to boost reported profits and hide debt.

May 25, 2006 — The jury in the fraud and conspiracy trial of former Enron executives Ken Lay and Jeffrey Skilling has both men guilty of all charges against them. Lay, 64, was convicted on all six counts including conspiracy to commit securities and wire fraud. Skilling, 52, was convicted of conspiracy to commit securities and wire fraud. Jurors spent six days deliberating after more than three months of testimony from 54 witnesses. Lay faces up to 165 years in prison; Skilling faces up to 275 years in prison. Lay founded Enron in 1985 and was its CEO for more...

Lay, Skilling guilty on nearly all counts Former CEOs convicted of fraud, conspiracy, face lengthy.....

While bankruptcy is almost always the end of the line for common-equity shareholders, sometimes the companies themselves re-emerge with a new lease on life. Although airlines seem to habitually dip in and out of bankruptcy, other companies in fields such as telecommunications, retail, and power generation have made something of themselves on the other side of Chapter 11. On which side of the fence will independent power producer Mirant (NYSE: MIR - News) find itself? Having spent nearly three years in bankruptcy, the company emerged 70 days ago with a cleaner balance sheet and, hopefully, a better operating plan. Because...

When Ken Lay is not in the courtroom or a downtown office toiling on his defense, he mostly keeps to a quiet lifestyle, spending much of his free time with his five children and 12 grandchildren. Lay's trial on federal criminal charges stemming from Enron's collapse starts Monday and his defense, in large part, is that he wasn't aware of any wrongdoing at Enron and that the bankruptcy was caused by a "run on the bank." He has maintained that Enron was an innovative, honest company that changed industries and energy markets for the better. That sentiment captures how Lay...

NEW YORK - Bonuses at Wall Street firms climbed to a projected record of $21.5 billion last year as revenue grew, according to the New York state comptroller's office. Comptroller Alan Hevesi said Wednesday that 2005's bonus tally was $2 billion more than the old record, which was set in 2000. In 2004, Wall Street bonuses came to an estimated $18.6 billion. Last year's average bonus was pegged at $125,500, also a record, Hevesi said. Revenue at Wall Street firms rose 44.5 percent through the first three quarters of 2005, climbing to the highest level since 2000, the year when...

12/19/2005 - WASHINGTON (AFPN) -- Despite the cold, wind and snow, about 75 people gathered at Arlington National Cemetery on Dec. 15 to lay more than 5,000 wreaths on gravesites, including four at the Tomb of the Unknown Soldier. Since 1992, members of the armed forces, civil air patrol, veterans of foreign wars and several civilians have gathered to take part in the project, a brainchild of Maine resident Morrill Worcester. Mr. Worcester owns and operates a holiday decoration company. Thirteen years ago he had a holiday wreath surplus and thought back to his youth. At age 12, he’d won...

11/16/2005 - KANDAHAR AIRFIELD, Afghanistan (AFPN) -- Before U.S. forces return the airport terminal and tower here to Afghan control, combat communicators first installed more than a mile of copper and fiber cable. Airmen from the 451st Air Expeditionary Group communications flight here stepped up to install the critical communications cables when an engineering and installation team could not meet a short suspense. The flight took the challenge head-on and rerouted more than 6,000 feet of communication lines to ensure connectivity was not lost during the changeover. The project involved running the wiring through conduit and burying it in trenches....

In the morning of March 11, 2004, Susan Lindauer woke to find five F.B.I. agents at her front door. After reading her her rights, the agents took Lindauer from her home in Takoma Park, Md., to the F.B.I. field office in Baltimore, where she was charged with having acted as an unregistered agent of Saddam Hussein's Iraqi government and otherwise having elevated the interests of a foreign country above her allegiance to the United States. ''The only visible sign of stress is that I'm chain-smoking,'' she said when I met with her recently. Forty-one and free on bail, she wore...

Former Worldcom Chief Executive Bernard Ebbers was handed a 25-year prison term for directing the biggest accounting fraud in corporate history, leaving thousands of investors empty-handed. Ebbers, who built a small Mississippi-based long distance company into a telecommunications powerhouse, was found guilty on March 15 on all charges — one count of conspiracy, one count of securities fraud and seven counts of false regulatory filings. But he could also be a charming and folksy CEO, who preferred cowboy boots to suits, opened shareholder meetings with a prayer, ate lunch in the cafeteria and ran a company that had become a...

Ken Lay says his name is synonymous with scandal — and for good reason. When his Houston-based energy company, Enron, collapsed in 2001, there had never been anything like it. Once the seventh-largest company in America, Enron was wiped out in what seemed like a matter of days. Employees were sent out on the street, and billions of dollars were gone. Now, Lay is under federal indictment, and his long-awaited trial is scheduled for January. When Lay was subpoenaed to testify before the Senate, he refused to answer their questions. But now, Lay sits down with Correspondent Scott Pelley to...

HOUSTON - The fraud and conspiracy trial of Enron Corp. founder Kenneth Lay, former CEO Jeffrey Skilling and chief accounting officer Richard Causey will begin Jan. 17, 2006, a federal judge said Thursday. U.S. District Judge Sim Lake set the trial date for what is expected to be the premiere case to emerge from the Justice Department's investigation of the disgraced company that became the bankrupt embodiment of scandal and fraud in December 2001. Lay and Skilling had agreed to support Causey's choice of a Dec. 1 trial to accommodate the preparation needs of all the legal teams. Lay has...

The purpose of FreeRepublic.com's multiple message boards is to limit the topics for each board to particular topics. Posting the same message on all the boards defeats the purpose of multiple-boards for special topics. It is very annoying to see the same message on every bulletin board. PLEASE! DO THE READERS A FAVOR. STOP CROSS-POSTING YOUR MESSAGES!

Bob Dole Slams Kerry By Andrew L. Jaffee, August 23, 2004 Home   Search   Forum   Terms Nothing has really changed for Democratic hopeful John Kerry, except that real war veterans, like Bob Dole, are questioning the “superficial wounds” and resulting “medals” he received during four (4) months service in Vietnam. Kerry is still flailing, trying to cover up a career punctuated by extreme left-wing politics and flip-flopping by talking to voters about his military service. He squandered his acceptance speech at the Democratic National Convention by trying to convince Americans that his tour of duty in Vietnam will make him a great commander...

Terasa (Terry) Heinz and Kenneth L. Lay, formerly of Enron, are both Trustees of "The H. John Heinz III Center for Science, Economics and the Environment," 1001 Pennsylvania Avenue, NW, Suite 735, Washington, DC 20004.This foudation is required to file a non-profit tax return (IRS Form 990) part of which is available to the public. Forms 990 for the years 1997 through 2001 are available on the internet at "www.Guidestar.org".These reports indicate that Terry and Ken have had a professional relationship from at least 10/1/97 through 9/30/02. In fact, after years of reporting Houston as his address, the 990 for...

  Still in the Closet — Democrats Getting LayedJuly 15, 2004  “Outing” Democrats is such child’s play.  Surrounded by shards of the smashed cookie jar, Moore-ish-faced Democrats just keep pointing fingers...as they just keep chewing.  It’s like Teddy Kennedy supporting the Anti Saloon League.  But, since John Kerry believes that “The value of truth is one of the most central values in America”, let’s serve up some truth. In a never ending Democratic mantra, Kerry (yet again) blasted the President for failing to aggressively pursue Kenneth Lay.  As we all know from such unbiased media sources as the AP, “Lay clearly favored...

Just on the Fox News Channel............. A Heinz-Kerry, Kenneth Lay, Enron connection. It seems that Kenneth Lay was not only a guest of John and Teraaazzzaaa at their Georgetown Mansion, BUT.....he was on the board of directors of the Heinz Foundation. In turn, Terrraaaazzza had over $250,000 in Enron stock. I wonder if we should tell Michael Moore ??? :-) Stay tuned. This could be interesting..........

Ken Lay of Enron Indicted and Arrested By Andrew L. Jaffee, July 8, 2004 Home   Search   Forum   Terms Enron’s ex-Chairman of the Board has been indicted and arrested on charges connected with his former company’s implosion in 2001. Corporate executives at Enron engaged in all sorts of financial manipulations to pump up the company’s stock price. They created complex “partnerships” to hide company debt from shareholders. In 1998, Enron’s share price was at about $20. By 2000, it hit $90. By 2001, the company’s stock was worthless. Enron’s collapse wiped out billions in shareholder value and employee pensions. Democratic Presidential hopeful John...