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Guilty verdicts for Enron founder and CEO

Guilty verdicts for Enron founder and CEO

by Rick Turoczy on May 25, 2006

The founder and former chief executive of the collapsed energy firm Enron have today both been found guilty of fraud and conspiracy and could face imprisonment for the rest of their lives.

Kenneth Lay, the founder of Enron and once a personal friend of President Bush, was convicted on all six charges of fraud and conspiracy that he faced in connection with the company’s spectacular $40 billion collapse, one of the biggest scandals in US business history.

Jeffrey Skilling, the former chief executive officer of Enron, was found guilty on 19 of the 28 charges he faced of fraud, conspiracy, insider trading and lying to auditors.

Guilty verdicts for Enron founder and CEO

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