Jeffrey Skilling of Enron fame asks for a new trial

Jeffrey Skilling, the former CEO of Enron is appealing his federal conviction and arguing that his 24 year sentence is unconstitutional. In May 2006, Skilling was convicted of 19 counts of fraud, conspiracy and insider trading in the Enron case. The former chairman of Enron, Kenneth Lay, was convicted of many counts in the same … Read more Jeffrey Skilling of Enron fame asks for a new trial

Lay and Skilling found guilty of fraud and conspiracy charges

Kenneth Lay and Jeffrey Skilling, both former heads of Enron Corp., were found guilty by a jury on Thursday of conspiracy to commit securities fraud and wire fraud. The trial lasted almost four months, and the jury deliberated for nearly six days. Skilling was convicted of 19 of the 28 counts he was charged with, … Read more Lay and Skilling found guilty of fraud and conspiracy charges