5/25/2006

So there is justice.

From CNN.com: Lay and Skilling's day of reckoning
Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were both found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.

On the sixth day of deliberations, a jury of eight women and four men convicted the former executives of misleading the public about the true financial health of Enron, whose collapse in late 2001 symbolized the wave of corporate fraud that swept the United States early this decade.

Skilling was found guilty on 19 counts of conspiracy, fraud, false statements and insider trading. He was found not guilty on nine counts of insider trading.

Lay was found guilty on all six counts of conspiracy and fraud. In a separate bench trial, Judge Sim Lake ruled Lay was guilty of four counts of fraud and false statements.
I guess there is some small measure of justice in this world. Bunnypants will probably pardon them in his last days in office, if he gets the chance (read: doesn't get thrown out on his ass), but for now, I'd say this at least shown that there's accountability for being a greedy bastard.