Enron Executives Convicted

[DudeAsInCool]

Lay, Skilling Convicted in Enron Collapse

Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling were convicted Thursday of conspiracy to commit securities and wire fraud in one of the biggest business scandals in U.S. history.

The verdict put the blame for the demise of what was once the nation's seventh-largest company squarely on its top two executives. It came in the sixth day of deliberations following a trial that lasted nearly four months.

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

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[Kooperman]

Couldn't happen to more deserving guys, other than the one Kenneth Lay allowed to use his plane in the 2000 Presidential election....