Lay, Skilling Convicted In Enron Trial

Law360, New York (May 25, 2006, 12:00 AM EDT) -- Former Enron executives Ken Lay and Jeff Skilling have been found guilty of conspiracy for their roles in the accounting fraud at the now-defunct energy giant.

Enron founder Ken Lay was found guilty of conspiracy and wire fraud, while former CEO Jeffery Skilling was found guilty of conspiracy, but not guilty of insider trading.

The jury convicted Skilling of 20 out of the 28 counts pending against him, while Lay was convicted of all six counts against him.

Judge Sim Lake also found Lay guilty of...
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