 Former Enron Corp. CEOs Kenneth  Lay and Jeffrey Skilling were found guilty of conspiracy to commit securities fraud in the collapse of the former energy giant Thursday morning. Lay was convicted of all six counts against him, while Skilling was convicted of  nineteen of the  twenty-eight charges against him and acquitted of the other nine . Both men now face many years in prison.
A jury in Houston found Former Enron Corp. CEOs Kenneth L. Lay and Jeffrey K. Skilling guilty of 6 kinds of white-collar crime on May 25. Lay was convicted of all ten counts against him, while Skilling was convicted of only nineteen of the charged twenty-eight counts. The variety of charges on which both men were convicted was astonishing; conspiracy, wire fraud, false statements to banks and auditors, and others . Both men now face many years in prison.
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A jury in Houston found
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Skilling were found guilty of conspiracy to commit securities fraud in the collapse of the former energy giant Thursday morning.
K. Skilling guilty of 6 kinds of white-collar crime on May 25.
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charges against him and acquitted of the other nine
counts. The variety of charges on which both men were convicted was astonishing; conspiracy, wire fraud, false statements to banks and auditors, and others