Gridlock News: Guilty! Skilling and Lay both Guilty

Reactions to the Enron criminal trial verdict – May. 25, 2006: “Enron founder Kenneth Lay was found guilty on six counts of conspiracy and fraud and former CEO Jeff Skilling was found guilty on 19 counts by a Houston jury after the trial in the biggest of the corporate fraud cases.”

Lay was separately found guilty of 4 counts of false statements and fraud.

Skilling and Lay are looking at 20 to 30 years in prison each.