Enron bosses found guilty
Posted by AccountingWEB PM | on Fri, 26/05/2006 - 09:55 2144
Former Enron executives Kenneth Lay and Jeffrey Skilling have been found guilty of fraud and conspiracy.
The verdicts, delivered by a Texas jury, could mean life in prison for the men behind the quick rise and disastrous fall of the once-mighty energy giant.
Lay, founder and former chief executive officer, was found guilty on all six counts of fraud and conspiracy charges, along with four counts of bank fraud in a separate case.
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