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Old 04-13-2005, 11:00 PM   #1
redly
Golden Member
 
Join Date: Nov 2004
Posts: 1,159
Default did anyone from the enron scandal go to jail yet??

my wife and I were having a discussion about corporate fraud. I said I thought that if Martha Stewart were a man, she never would have spent a day in the klink. She said, but what about those guys from the Enron scandal?

I can't seem to find any straight information.

anyone know??
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Old 04-13-2005, 11:02 PM   #2
Kipper
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Default did anyone from the enron scandal go to jail yet??

Well Martha volunteered to go to jail...there's a slight difference there.
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Old 04-13-2005, 11:09 PM   #3
conjur
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Default did anyone from the enron scandal go to jail yet??

Funny you should ask:

http://www.legalzoom.com/articles/ar...icle12963.html
Quote:
Enron:The fall-out is still reverberating three years later. Conspirators include not only Enron?s CEOs but also execs from Arthur Andersen and Merrill Lynch. The tangled charges of conspiracy, fraud, and obstruction of justice all stem from schemes to cook the books so that profits looked high. Why? So executives could line their pockets before the company tanked in 2001 when Enron lost $68 billion in market value. The real losers: employees and investors. Five thousand employees lost their jobs, and $800 million in pension investments went up in smoke. The sheer scale of the fraud led the Justice Department to set up an Enron Task Force. More than 30 people have been charged. Fourteen have pleaded guilty.

Former Enron financial chief Andrew Fastow pled guilty to conspiracy, agreeing to serve 10 years and to testify against former Enron chief executives. Fastow?s wife Lea pled guilty to filing a false tax return and was sentenced to a year in prison after she agreed to help the prosecution and persuaded her husband to do the same. For her cooperation, the prosecution dropped six original felony charges against her.

Enron executives

Former Enron financial chief Andrew Fastow pled guilty to conspiracy, agreeing to serve 10 years and to testify against former Enron chief executives. Fastow?s wife Lea pled guilty to filing a false tax return and was sentenced to a year in prison after she agreed to help the prosecution and persuaded her husband to do the same. For her cooperation, the prosecution dropped six original felony charges against her.


Enron trials pending:

The date still isn?t set for the top 3 Enron executives: Kenneth Lay (Enron founder) faces charges of fraud and conspiracy, and taking over the conspiracy when Skilling quit three months before Enron?s collapse.Lay will have a separate trial for bank fraud, lying to banks, and using loans to buy Enron stock on margin. Jeffrey Skilling (former CEO) and Richard Causey (top accountant) face more than 30 counts. Among the charges are fraud, conspiracy, insider trading, lying to auditors, and knowing or participating in schemes to deceive investors.
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Old 04-13-2005, 11:10 PM   #4
DaWhim
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Default did anyone from the enron scandal go to jail yet??

worldcom ceo is going to prison for fraud, enron executives next.
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Old 04-14-2005, 12:33 AM   #5
jjsole
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Default did anyone from the enron scandal go to jail yet??

Lay's trial is in january I believe. Either that or perhaps september. He's the one they want to hang, rightfully so, altho Fastow was far and away the most evil person of the face of the earth.
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Old 04-14-2005, 12:39 AM   #6
OS
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Default did anyone from the enron scandal go to jail yet??

Quote:
Originally posted by: conjur
Funny you should ask:

http://www.legalzoom.com/articles/ar...icle12963.html
Quote:
Enron:The fall-out is still reverberating three years later. Conspirators include not only Enron?s CEOs but also execs from Arthur Andersen and Merrill Lynch. The tangled charges of conspiracy, fraud, and obstruction of justice all stem from schemes to cook the books so that profits looked high. Why? So executives could line their pockets before the company tanked in 2001 when Enron lost $68 billion in market value. The real losers: employees and investors. Five thousand employees lost their jobs, and $800 million in pension investments went up in smoke. The sheer scale of the fraud led the Justice Department to set up an Enron Task Force. More than 30 people have been charged. Fourteen have pleaded guilty.

Former Enron financial chief Andrew Fastow pled guilty to conspiracy, agreeing to serve 10 years and to testify against former Enron chief executives. Fastow?s wife Lea pled guilty to filing a false tax return and was sentenced to a year in prison after she agreed to help the prosecution and persuaded her husband to do the same. For her cooperation, the prosecution dropped six original felony charges against her.

Enron executives

Former Enron financial chief Andrew Fastow pled guilty to conspiracy, agreeing to serve 10 years and to testify against former Enron chief executives. Fastow?s wife Lea pled guilty to filing a false tax return and was sentenced to a year in prison after she agreed to help the prosecution and persuaded her husband to do the same. For her cooperation, the prosecution dropped six original felony charges against her.


Enron trials pending:

The date still isn?t set for the top 3 Enron executives: Kenneth Lay (Enron founder) faces charges of fraud and conspiracy, and taking over the conspiracy when Skilling quit three months before Enron?s collapse.Lay will have a separate trial for bank fraud, lying to banks, and using loans to buy Enron stock on margin. Jeffrey Skilling (former CEO) and Richard Causey (top accountant) face more than 30 counts. Among the charges are fraud, conspiracy, insider trading, lying to auditors, and knowing or participating in schemes to deceive investors.

Man 10 years is nothing, people get around 10 years for robbing a bank and getting about 10K. They should be passing out life sentences like party fliers to these crooks.
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