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Comments by YACCS
Thursday, May 25, 2006

Guilty as charged

Kenny Boy-guilty as charged

Enron's Skilling guilty of fraud

Former Enron bosses Ken Lay and Jeffrey Skilling have both been found guilty on fraud and conspiracy charges.

Mr Skilling has also been found guilty of insider trading.

The two presided over the spectacular collapse of the energy giant in 2001 and are also accused of lying to investors about its financial problems.

The two men had denied 38 counts of fraud, conspiracy and insider trading relating to Enron's collapse in late 2001.

The firm started out as an energy trader, and expanded into the US's seventh largest company.

But in October that year it had to announce huge losses - and filed for bankruptcy in December, after allegations began to emerge of widespread accounting irregularities including the use of off-the-books offshore firms to hide losses.

But, but,it wasn't his fault.

Hope you enjoy jail, crook. Hope Karl and Scooter join you soon.

Another corrupt Republican, another jail sentence.

posted by Steve @ 12:13:00 PM

12:13:00 PM

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