And On The Sixth Day...
the crooked Enron evil doers were CONVICTED!
Mega-Kudos to my entire Enron Task Force - especially Sean Berkowitz, Kathryn H. Ruemmler, John C. Hueston and Cliff Stricklin!
I am clipping your cohibas now!
Mega-Kudos to my entire Enron Task Force - especially Sean Berkowitz, Kathryn H. Ruemmler, John C. Hueston and Cliff Stricklin!
I am clipping your cohibas now!
Labels: Enron
posted by Patrick J. Fitzgerald at 5/25/2006
33 Comments:
Fitz!! You ROCK!! :)
Skilling and Lay guilty
Ex-CEO and founder convicted on fraud and conspiracy charges in Enron case.
May 25, 2006: 12:10 PM EDT
HOUSTON (CNNMoney.com) - Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.
On the sixth day of deliberations, a jury of eight women and four men convicted the former executives of misleading the public about the true financial health of Enron, whose collapse in late 2001 symbolized the wave of corporate fraud that swept the United States early this decade.
Special Reportfull coverage
Skilling and Lay guilty
Enron: Some things don't change
The luckiest people in Houston
Don't be a company man
Photo Gallery See more photos
Meet the players
Find out who you might see at the Enron trial, how they got involved, and what they're doing now.
Launch gallery
Quick VoteWhat will the Lay-Skilling verdict be?
Both guilty
Lay guilty, Skilling not guilty
Skilling gulity, Lay not guilty
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Skilling was found guilty of 20 of 28 counts against him.
Lay was found guilty on all six counts of conspiracy and fraud.
In a separate bench trial, Judge Sim Lake ruled Lay was guilty of four counts of fraud and false statements.
FROM MSNBC:
http://www.msnbc.msn.com/id/12968481/
Lay was found guilty on all charges, which could net him 165 years in jail.
And it is about damn time. Lay and Skilling got what they deserved!! Justcie is deserved. And A big congratulations in order to Berkowitz and the entire Enron task force team... Well, today is a good day for justice!!!
Now the question: will any of those poor people who lost everything get anything back???
These guys ruined a whole lot of innocent people's lives with their shenanigans.
Do you think Bushie will go to prison to visit KennyBoy? All of Bushie's buddies are going to be in jail and he won't have anyone else to play with - SOB!@
Yes it is a great day for Lady Justice!! :)
We ARE taking back our country!!
Well SPB you called it long ago and you were right yet again. Congrats to Sean and his team. I was wondering as both Lay & Skilling said they were not guilty will the GOP supporters say this to was a dream or the Gonzo can dismiss the verdict due to their friendship to Bush. Someone will come up with something stupid because it's not nice to commit a crime against lady justice. Fitz give the team a big thank you from your blogger we are so proud and thankfull for their hard work on our behalf. Oh I saw Skilling being taken away in handcuffs and I thought of that happening to Karl Rove.
Best news I have heard all day.
Lay was found guilty on all charges, which could net him 165 years in jail.
If only he could live long enough to serve every minute of it.
Pray that Ken Lay lives a very LONG life!
Cheers all around! Happiness abounds on this, the 25th Day of May.
Congratulations to the Team:
Wow - what a terrific victory for all of us.
It proves that all is not lost.
Question to any Attorney Here:
CAN Bush pardon these two???
Jackie and all,
This is a good day! I have had a lot of colleagues who have lost a lot of their stock and money from Enron.. Some of that money was their retirement.. Small businesses lost their business because of the manipulation of the electricity in San Diego, California... So, this case was more important, more personal , and taught a valuable lesson other future Enron wannabes.. Reading those transcripts from that trial told me that they were going to be convicted.. Justice has been served and will be in the leak case!
Good Morning/Afternoon/Evening:
Happy Thurday and a good Thursday!
Here is the news:
From Thinkprogress:
"President Bush has appointed a new senior domestic policy adviser: Karl Zinsmeister, a "longtime scholar at the American Enterprise Institute," and editor of the think tank's magazine. Last June, he wrote about the "central reality" in Iraq: "With the exception of periodic flare-ups in isolated corners, our struggle in Iraq as warfare is over."
And:
"Yesterday, Special Counsel Patrick Fitzgerald released Scooter Libby’s 2004 grand jury testimony. In it, Libby said, “Vice President Cheney was personally angered by” Joe Wilson’s “newspaper column attacking a key rationale for the war in Iraq and repeatedly directed” Libby “to ‘get all the facts out’ related to the critique.” Cheney also raised the issue that Valerie Plame “worked at the CIA and that she allegedly played a role in sending” Wilson to Niger.
Better turned on the heat on Dead Eye Dick, Fitz, because with Cheney's anger management problems, he may act like Jack Nicholson in the movie: "A Few Good Men:" "You can't handle the truth!"
This Jury was very fast in their decision!
SPB:
CAN Bush pardon Lay and Skilling please?
S-Q:
Do you think so? They took 5 days, but then again, they had a ton of stuff to sift through.
Just glad they did the right thing - although I still wonder if they will receive a Pres Pardon.
My understanding is that the money is long gone and irretrievable...sad.
I take it back...hot lamps AND rubber hoses for these two.
So much still yet to uncover, like the ENRON - Rove - Governor Arnold connection.
"CAN Bush pardon these two???"
Basheert,
And if the Gerbil did (as a scenario. The Gerbil would have been drunk to do that), his dirty laundry would come out in his connection with Kenneth Lay.. Remember, In 2001, when stock market was plummeting, Lay made calls to the Gerbil, Daddy Bush, Cheney, and others to pull out their shares from Enron. As the stock market dropped, an email was sent to all Enron employee forbid them to pull out their Enron shares and money yet Lay told Enron employees that the company was doing great and kept reassured them and investors.. And let's not forget Dead Eye Dick refusing to released his conversation with Lay and himself in a board meeting. Cheney claimed that he had "executive privilege" which tells you that whenever that convesation that both Cheney and Lay had is tied to the corruption of the Enron company back in 2001! The Gerbil have bigger fish to fry that Lay and Skilling. He had to deal with the indictments of Porkrind, half pint Libby, and possible indictment of Dead Eye Dick!
Yeah, but considering that Bush is a propped up puppet in this regime could not the hand that rocks his cradle make him fall on his sword and pardon a whole bunch of crooks before he himself is whacked?
Or if he is impeached/indicted BEFORE kenny boy gets his sentence-Duyba may not be in "pardoning position. " They are going to APPEAL the decision...Historically speaking, fed court decisions are rarely overturned.
HA HA HA Kenny boy-shouldn't have stolen middle Americans pensions. I hope they fine the crap out of him and Skilling..
I still cannot imagine why one of the Enron employees who was wiped out by these two hadn't tried to whack them out of total depression.
Yes I was concerned about the next "Karl with a K" that Bush appointed.
His appointments all come out of left field, it's so obvious they are payback of some sort.
Well, grandmanuk:
If the Gerbil, after leaving office, is going to pardon Lay (let's not forget Skilling too. Skilling would squeal more if the Gerbil doesn't pardon him too) as a scenario, well, the Gerbil will have a problem. The Gerbil would have to pardon the CEO of Tyco who has ties with Abramoff who has ties to DeLay who has ties to all the way to the food chain: King Gerbil.. As more and more corrupted companies are indicted from graft, you will see many of companies has ties to the Gerbil.. The Gerbil would have to really pick closely which crook that he would pardon!
Tyco acknowledges past payment to Abramoff
Manufacturer admits it was source of $1.6 million pocketed by lobbyist
http://msnbc.msn.com/id/10728590/
God listened to the people's prayers and the jury listened to the evidence. Amen!
Lay & Shilling are two of the most evil criminals on this earth, who have ruined so many people's lives. We wish them a lifetime in jail to think about their crimes!
God bless the prosecutors and their team for watching out for the average American, and bringing justice to us all!
I believe that both Skilling and Lay really thought they'd get a hand slap due to their connections.
What they don't get is that, Bushco throws everyone to the wolves to deflect interest in themselves.
Pretty soon Bushco isn't going to have any supporters left because they'll all be either under indictment or in jail - singing like birdies!
Pretty soon Bushco isn't going to have any supporters left because they'll all be either under indictment or in jail - singing like birdies!
Pedal faster to make that happen.
Here is some of the aspects in which the jurors in the Enron trial looked at. And WSJ complimented the prosecutors:
"Here are three aspects of the cross that might have been issues in the deliberation room:
•The Photofete vignette: The government surprised Skilling by pressing him on an apparent conflict of interest involving Enron’s business dealings with Photofete, a small company run by a former girlfriend. The exchange, more than any other during cross, effectively cast Skilling as a liar with a selective memory. And if that conflict of interest was OK, might a juror conclude that he could have looked the other way on other conflicts — like the Fastow-controlled LJM partnerships?
•The Watkins Memo: Skilling denied discussing Sherron Watkins and her whistleblower memo with Kenneth Lay during a meeting in Aug. 2001. The meeting came just days after Lay had received the memo and one week after Skilling’s resignation. And that afternoon, Lay was scheduled to meet with Watkins for the first time. Skilling said he simply offered Lay some strategy ideas for Enron. Here the Law Blog will say it out loud: This seems implausible, and goes to Skilling’s insider knowledge about Enron’s problems.
•The Trove of Documents: While there’s no smoking gun in the case against Skilling, on cross-examination the government showed him scores of potentially incriminating documents. For instance, Berkowitz put before him numerous exhibits that showed Skilling had oversight over the LJM partnerships, an allegation Skilling steadfastly denies in spite of the evidence. While there isn’t a single document that screams “Gotcha, Skilling!,” there are enough ugly ones that a jury could instead say, “You’re in denial, Skilling.”
"Credit the prosecutors for emphasizing narratives the jury could understand rather than focusing on complex tales of off-balance sheet partnerships and byzantine accounting."
What a Team! Ya'll rock!!! Yay!
As a former employee of the Enron corporation, I wish you all a happy weekend.
I was in a little telecom startup that they bought to help destroy the fiber world the way they did energy. That venture was the biggest, the billion-dollar off-the-books stunt of 900 off-the-books deals.
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