Just got out of bed and greeted by the news that the verdicts are in on the Enron trial.
Details still sketchy, but:
Ken Lay — guilty on all 6 counts
Jeff Skilling — guilty on 18 counts, not guilty on 10
Guilty verdicts seem to center around fraud — Skilling’s not guilty verdicts seem to be mostly insider trading related.
Will provide links as they develop.
Of course there will be appeals — according to MSNBC’s Pete Williams, “standard of proof” will be one possible path.
Lay has also been found guilty of bank fraud in an additional case, according to MSNBC.
The interesting thing to watch is how George Bush will respond to his good friend “Kenny Boy’s” conviction.
Links:
CNN
ABC News
Enron Trial Fast Facts (FOX News)