[Spam] [Vision2020] Skilling and Lay Convicted!

[lfalen]

They both need to receive severe penalties. Maybe confiscate every asset  they h ave to be distributed to the investors,and prohibited them from working in any business that involves other peoples money. Any income they make in the future should be garnished so that they are left with a subsistence level only. this sort of punishment would be better than a short prision term.

Roger
-----Original message-----
From: nickgier at adelphia.net
Date: Thu, 25 May 2006 10:28:02 -0700
To: Vision2020 at moscow.com
Subject: [Spam] [Vision2020] Skilling and Lay Convicted!

> Lay, Skilling Convicted in Enron Collapse
> Thursday, May 25, 2006 12:14 PM EDT
> The Associated Press
> 
> HOUSTON (AP) — Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling were convicted Thursday of conspiracy to commit securities and wire fraud in a case born from one of the biggest business scandals in U.S. history.
> 
> The verdict put the blame for the demise of what was once the nation's seventh-largest company squarely on its top two executives. It came in the sixth day of deliberations following a trial that lasted nearly four months.
> 
> Lay was also convicted of bank fraud and making false statements to banks in a separate trial related to his personal banking.
> 
> The former corporate titans are now convicted felons facing years in prison when the panel found them guilty of running an elaborate fraud that gave the nation's onetime seventh-largest company a glamorous illusion of success.
> 
> Jurors declared through their verdict that both men repeatedly lied to cover a vast web of unsustainable accounting tricks and failing ventures that shoved Enron into bankruptcy protection in December 2001.
> 
> The conviction was a major win for the government, serving almost as a bookend in an era that has seen prosecutors win convictions against executives from WorldCom Inc. to Adelphia Communications Corp. and homemaking maven Martha Stewart.
> 
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