Enron's Lay, Skilling convicted HOUSTON (Reuters) - Former Enron Corp. chiefs Ken Lay and Jeffrey Skilling were convicted on Thursday for lying to investors as the energy giant stumbled toward bankruptcy in 2001 in a stunning collapse that shook the country's faith in corporate America.
Lay and Skilling's day of reckoning Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were both found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.
Enron Chiefs Guilty of Fraud and Conspiracy Kenneth L. Lay and Jeffrey K. Skilling, the chief executives who guided Enron through its spectacular rise and even more stunning fall, were found guilty of fraud and conspiracy today. Sentencing is set for the week of Sept. 11.
