Lay and Skilling convicted
There is justice in America (at least this time). Enron founder Ken Lay was convicted today on all six counts against him, including conspiracy to commit securities and wire fraud, bank fraud, and making false statements to banks. Former Chief Executive Jeffrey Skilling was convicted on 19 of 28 counts, including securities and wire fraud and insider trading.
No word yet on the sentencing. We don't really care how much time they serve in prison, as long as they have to pay back every penny they stole from their employees.