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Latest Trial of Kenneth Lay and Jeffrey Skilling Stories

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2009-07-30 10:48:16

U.S. District Judge Sim Lake has a second shot at sentencing former Enron chief Jeffrey Skilling after an appeals court tossed out a 24-year sentence. A panel of three judges in New Orleans upheld Skilling's fraud conviction in January, but ruled Skilling's conduct did provoke the collapse of a financial institution, a factor that had been considered in his previous sentence. The appeals court also said Skilling's trial was fair, but should have been conducted outside of Houston, where...

2009-01-06 14:35:02

A federal court in New Orleans ordered a new sentencing trial for former Enron Chief Executive Officer Jeff Skilling, while upholding his 19 convictions. A three-judge panel at the U.S. 5th Circuit Court of Appeals said Judge Sim Lake, who sentenced Skilling to 24 years in prison, erred by using the wrong guidelines in his sentencing, the Houston Chronicle reported Tuesday. The panel, however, upheld all of Skilling's convictions, in spite of his lawyers' use of an argument that has been...

2006-10-24 06:00:14

By Greg Farrell HOUSTON -- A federal judge sentenced Jeffrey Skilling, the lead architect of the complex fraud that was Enron, to 24 years in prison Monday, bringing closure to a massive federal effort to identify and punish the perpetrators of the biggest accounting fraud in history. Declaring that Skilling "repeatedly lied to investors," U.S. District Judge Sim Lake rejected defense arguments that seven to 10 years in prison would be sufficient. Instead, he gave Skilling, 52, one of...

2006-07-07 08:10:00

HOUSTON -- The body of Enron Corp. founder Ken Lay will be cremated and his ashes buried in Aspen, Colorado where he died this week of an apparent heart attack, a newspaper reported on Friday. The Houston Chronicle, quoting a source close to Lay's family, said the cremation and Aspen burial had been Lay's wish because the mountain town, where he once owned several properties, was his favorite place in the world. The Lay family will hold a private service in Aspen on Sunday for the one-time...

2006-07-05 16:03:57

By Matt Daily HOUSTON (Reuters) - Enron Corp. founder Ken Lay died of an apparent heart attack on Wednesday, six weeks after he was convicted of fraud in the financial scandal that brought down the once-mighty energy conglomerate. Lay, 64, was at his vacation home near Aspen, Colorado, awaiting sentencing, and was expected to face decades in prison for his fraud and conspiracy convictions linked to Enron's 2001 bankruptcy. "Ken Lay passed away early this morning," Lay family...

2006-07-05 11:29:16

By Matt Daily HOUSTON (Reuters) - Enron Corp. founder Ken Lay died of a heart attack on Wednesday, six weeks after being found guilty of fraud in one of the biggest corporate scandals in U.S. history. Lay, 64, was awaiting sentencing later this year and was expected to face decades in prison for his fraud and conspiracy convictions in the Enron collapse. "Ken Lay passed away early this morning," Lay family spokeswoman Kelly Kimberly said in a statement. Lay and another former Enron...

2006-06-30 18:21:41

By Matt Daily HOUSTON (Reuters) - U.S. prosecutors asked a federal judge on Friday to force former Enron chief executives Ken Lay and Jeffrey Skilling to forfeit $183 million for their crimes at the collapsed energy company. The filing made to the federal court where the two men were convicted last month asks Judge Sim Lake to grant the forfeiture request that would match the "gross amount of the proceeds of the crimes of conviction." Lay, 64, was convicted of six counts of...

2006-06-26 12:12:20

By Matt Daily HOUSTON (Reuters) - A former Enron Corp. finance executive was sentenced on Monday to two years probation for filing false tax returns that hid cash payments he received while working under former Chief Financial Officer Andrew Fastow. Larry Lawyer, 38, was the third former Enron employees to strike a plea deal with prosecutors to avoid a trial. He agreed to cooperate with the government's investigation in November 2002, when he pleaded guilty to a single criminal...

2006-06-18 13:47:28

HOUSTON (Reuters) - A federal judge has delayed sentencing for former Enron Corp. Chief Executives Ken Lay and Jeffrey Skilling, who were convicted last month of fraud and conspiracy in the company's collapse. In court documents filed late Friday, U.S. District Judge Sim Lake agreed to a motion by the defense teams to delay sentencing for the former Enron chiefs to October 23 from September 11. Lay, 64, and Skilling, 52, were found guilty at trial of hiding the financial problems at...

2006-06-18 11:25:46

HOUSTON (Reuters) - A federal judge has delayed sentencing for former Enron Corp. Chief Executives Ken Lay and Jeffrey Skilling, who were convicted last month of fraud and conspiracy in the company's collapse. In court documents filed late Friday, U.S. District Judge Sim Lake agreed to a motion by the defense teams to delay sentencing for the former Enron chiefs to October 23 from September 11. Lay, 64, and Skilling, 52, were found guilty at trial of hiding the financial problems at...


Word of the Day
out-herod
  • In the phrase to out-herod Herod, to be more violent than Herod (as represented in the old mystery plays); hence, to exceed in any excess of evil.
Herod refers to 'Herod the Great,' a Roman client king and 'a madman who murdered his own family and a great many rabbis.' According to the OED, the term is 'chiefly with allusion to Shakespeare's use' in Hamlet.
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