The Enron Trial...Even if he wins, Lay is not off hook

[DemInDistress]

It is possible Ken Lay could be exonerated by the jury in the Enron fraud and conspiracy case and still wind up in prison.

After the jury goes to deliberate in the main case against Lay and Jeff Skilling, U.S. District Judge Sim Lake will begin hearing evidence in a separate trial of four personal banking charges against Enron's former chairman. Each of these charges carries a hefty 30-year prison term and a $1 million fine.

Old law, stiff penalties
Henning said it's true the law is old, and the high 30-year penalties came when Congress beefed them up after the savings and loan scandal.

The professor said the next time Congress got so vehement in this arena was the Sarbanes-Oxley laws about corporate governance that were in part a response to the fall of Enron.


more:http://www.chron.com/disp/story.mpl/special/enron/3847209.html

Hopefully "kennyboy" will receive his just deserts..

[Redstone]

1. Good. He needs to be pursued and hounded until he pays.

Redstone

[DemInDistress]

2. Thanks Redstone... I agree 100% hounded until "bubba"

parts his cheeks while in prison. That man has no shame as well as most GOP-er's. My, how the mighty have fallen. I love it !!

[elehhhhna]

3. He WILL DO TIME on those Fed banking charges...

it's a tight case. Houston was shocked when those charges were brought--the others are harder to prove but the bank fraud charges are a laydown for the Prosecution--that's how we knew the DOJ was SERIES !!111!!11

[LiberalEsto]

4. Are there any civil lawsuits?

Remember, that's how OJ finally got nailed.