Lay, Skilling found guilty in Enron trial - Spokane, North Idaho News & Weather KHQ.com

Right Now

Lay, Skilling found guilty in Enron trial

Posted: Updated:

HOUSTON - Two top Enron executives are now convicted felons. Kenneth Lay and Jeffrey Skilling have been found guilty of conspiring to cook the books to hide Enron's true finances from investors while the energy giant was crumbling.

Lay was convicted on all six counts, including conspiracy to commit securities and wire fraud. Skilling was found guilty of conspiracy to commit securities and wire fraud. Federal jurors convicted him of 19 of the 28 counts against him.

The convictions close a chapter on one of the biggest business scandals in U-S history. Enron's collapse plunged thousands of employees into despair in 2001 and cost investors billions. Lay is also convicted of bank fraud in a separate trial where prosecutors accused him of using personal loans to buy stock in violation of banking agreements.

  • Most Popular StoriesMost Popular StoriesMore>>

  • New York State illegally moving convicted sex offenders from prisons into group homes with the developmentally disabled

    New York State illegally moving convicted sex offenders from prisons into group homes with the developmentally disabled

    Thursday, September 20 2018 9:14 AM EDT2018-09-20 13:14:31 GMT
    Three State agencies are involved in placing convicted sex offenders in group homes or hiding this information from the families and the general public>>
    Three State agencies are involved in placing convicted sex offenders in group homes or hiding this information from the families and the general public>>
  • Opponents and activists for I-1639 sound off

    Opponents and activists for I-1639 sound off

    Saturday, September 22 2018 9:16 PM EDT2018-09-23 01:16:50 GMT

    SPOKANE, Wash. - Initiative-1639 has been the root of controversy ever since supporters began asking for signatures. It became even more complicated when the Washington Supreme Court overturned a Thurston County judges decision after the judge initially threw out over 300,000 signatures saying the petition didn't follow election law claiming it was unreadable. 

    >>

    SPOKANE, Wash. - Initiative-1639 has been the root of controversy ever since supporters began asking for signatures. It became even more complicated when the Washington Supreme Court overturned a Thurston County judges decision after the judge initially threw out over 300,000 signatures saying the petition didn't follow election law claiming it was unreadable. 

    >>
  • Detectives identify woman found in Spokane River

    Detectives identify woman found in Spokane River

    Thursday, September 20 2018 8:35 PM EDT2018-09-21 00:35:31 GMT

    SPOKANE, Wash. - Update: Detectives have identified the woman found in the Spokane River September 15 just hours after releasing a rending of what she may have looked like. Detectives continue to work to determine what occurred prior to her death.

    >>

    SPOKANE, Wash. - Update: Detectives have identified the woman found in the Spokane River September 15 just hours after releasing a rending of what she may have looked like. Detectives continue to work to determine what occurred prior to her death.

    >>
HD DOPPLER 6i
/