One Way to Avoid a Long Prison Sentence

Wednesday, July 05, 2006

One Way to Avoid a Long Prison Sentence

This morning, the New York Times is reporting:
Enron's founder and chairman, Kenneth L. Lay, died (this morning) of a heart attack at his vacation home in Colorado, according to Kelly L. Kimberly, a spokeswoman for Mr. Lay.

... In May, Mr. Lay was found guilty on six counts of fraud and conspiracy and four counts of bank fraud. The former chief executive, Jeffrey K. Skilling, was convicted of 18 counts of fraud and conspiracy and one count of insider trading.
This sentence from the article is wonderfully syrupy, vintage-Times prose:
... [Enron's] sudden collapse at the end of 2001 and revelation as little more than a house of cards left Enron, with its crooked E logo, the premier public symbol of corporate ignominy.

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