Lay Down For The Counts

Ken Lay On Judgement Day
Former Enron CEO Kenneth Lay pleaded innocent Thursday to federal charges that he was involved in his company's attempt to deceive the public, company shareholders and government regulators about the energy company that he founded.

The new indictments, now totaling 53 counts, accused Lay, Skilling and Causey of enriching themselves through salaries, bonuses, grants of stock and stock options.

It names Lay in 11 counts: one of conspiracy, two of wire fraud, four of securities fraud, one of bank fraud and three of making false statements to banks. If convicted on all counts, Lay could receive up to 175 years in prison plus fines possibly totaling more than $5.7 million. However, he may only have to serve 150 years for time off with good behavior.


Lay Flashing His 'Get Out Of Jail Free' Card
The collapse of the Enron Corporation in late 2001 cost investors billions of dollars, put thousands of Enron employees out of work and wiped out retirement savings for many. The company became a symbol of corporate greed and excess, and its fall was followed by a string of scandals at other companies.

Here's a fun little quiz!
Put these famous quotes that apply to Ken Lay in chronological order...

A) Greed Is Good
B) The Rich Get Richer
C) You Reap What You Sow
D) Instant Karma's Gonna Get You

If you guessed A - B - C - D you guessed correctly.


Ken Gets Cuffed

Because of Lay's shady business tactics, er uh, 'alleged' shady business tactics, thousands of Enron's workers lost their jobs, and the stock fell from a high of $90 in August 2000 to just pennies, wiping out many workers' retirement savings. And yet Ken was able to post his $500,000 bond within minutes. I feel good about our judicial system!




Bush: "I've never seen this man before in my life!"