codyg1985’s Think Tank

My friend Sunny Yeung has passed this along to me about the guilty verdict handed down by a Houston jury to Ken Lay and Jeff Skilling of Enron. Ken Lay was found guilty of one count of conspiracy, two counts of wire fraud, and three counts of securities fraud. Jeff Skilling was found guilty of one count of conspiracy, 12 counts of securities fraud, five counts of perjury, and ten counts of insider trading.

Both men will try to appeal on the grounds that the trial was held in Houston, where Enron was based.