Friday, May 26, 2006

Lay and Skilling going to prison

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Ken Lay and Jeff Skilling of Enron should get the maximum penalty. Knowing the company was about to sink, while advising employees to allocate 401k funds in company stock, while dumping their own stock, is vulgar.


    Mr Lay, 64, faces up to 45 years, and Mr Skilling, 52, faces up to 185 years. Mr Frenkel has worked out an aggressive sentence, based on the guidelines, and expects they each will be sentenced to 27-34 years in prison.

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