Archive for the ‘Board Room’ Category

A federal jury Wednesday began deliberating the fate of former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling, accused of lying to investors and employees before the collapse of the Houston-based energy giant in one of the biggest corporate scandals ever.

Jurors got the blockbuster fraud and conspiracy case after two-and-a-half days of closing arguments from prosecutors and defense lawyers and after more than 14 weeks of testimony. They are deciding 28 criminal counts against Skilling, Enron’s former chief executive, and six against Lay, the company founder. Both face long prison terms if convicted.

With everything else happening in the news, the mainstream media hasn’t focused too much on this case.

Let’s hope they throw the book at them.

[Source: Yahoo! News]