convicted

 

Enron Execs Convicted on Multiple Counts

A Houston jury on Thursday convicted former Enron Corp. executives Kenneth Lay and Jeffrey Skilling of fraud that led to the energy companys collapse in 2001. Lay, the companys founder, was convicted on all six counts and Skilling, the former CEO, on 19 of 28 counts. Both men will be sentenced on Sept. 11. News […]

Ebbers Sentenced to Prison

The final chapter in the saga of WorldCom Inc. was revealed Wednesday when its former chief executive Bernie Ebbers was sentenced to 25 years in prison for an $11 billion accounting fraud that caused the telecommunications titan to file the largest bankruptcy in U.S. history. Ebbers was credited with transforming Mississippi-based WorldCom into one of […]

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