May 25, 2006

OK, raise your hand if you haven't been convicted...
Ummm, not so fast, Mr Lay...

Kenny-boy Lay and Jeff Skilling have been convicted of conspiracy to commit securities and wire fraud in "one of the biggest business scandals in US history."

Lay was also convicted of bank fraud and making false statements to banks in a separate trial related to his personal banking.

Lay was convicted on all six counts against him in the trial with Skilling. Skilling was convicted on 19 of the 28 counts against and acquitted on the remaining nine.

If they're not pardoned by their good buddy W, Lay faces up to 165 years in prison; Skilling up to 275 years.

No comments: