This didn’t come as a surprise, though I am sure there were a few people who thought at least one of them would get off the hook: Enron Chiefs Guilty of Fraud and Conspiracy

“Mr. Skilling was convicted of 18 counts of fraud and conspiracy and one count of insider trading. He was acquitted on nine counts of insider trading. Mr. Lay was found guilty on six counts of fraud and conspiracy and four counts of bank fraud.

“The conspiracy and fraud convictions each carry a sentence of 5 to 10 years in prison. The insider trading charge against Mr. Skilling carries a maximum of 10 years.”

TAGS: Enron | Jeff Skilling | Ken Lay | Andrew Fastow

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