Jeffrey Skilling, who would later end up working at Enron, would not ...
... middle of paper ...
...Enron’s intentions with these deals and that had the known they would not have gone through with them. The trials began in January of 2006. Ken Lay was convicted of all six counts of security and wire fraud but “died” of heart problems in June and all counts were dropped. Skilling was found guilty of 19 of 28 counts or securities and wire fraud. He was sentenced to 24 years and 4 months in jail, no less than 20 years and a fine of 630 million dollars to the government. Four Merrill Lynch employees were found guilty at trial along with 16 other Enron employees. Fastow, who was originally the fall guy, squealed first and was given a bargain if he agreed to testify against his colleagues. He testified and only got 6 years in prison and 2 years of probation. He also had to forfeit 68 million dollars in assets. The real losers in all this were the thousands of employees.
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