DOJ: “Testimony in the jury trial of former Enron chief executives Jeffrey K. Skilling and Kenneth L. Lay concluded on Monday, May 8, 2006 after fifty-three days of trial proceedings. Closing arguments were presented to the jury May 15, 2006 through mid-morning of May 17, 2006, at which time the jury retired to begin its deliberations. On its sixth day of deliberations, Thursday, May 25, 2006, the jury returned its verdicts. Lay was convicted on all of the six counts with which he was charged: Conspiracy, two counts of Wire Fraud and three counts of Securities Fraud. Skilling, was convicted on 19 of the 28 counts pending against him: Conspiracy, 12 counts of Securities Fraud, one count of Insider Trading, and five counts of Making False Statements to Auditors. Skilling was acquitted of nine Insider Trading counts. A bench trial concerning charges against Kenneth L. Lay of bank fraud and making false statements to banks began on Thursday, May 18, 2006, before U.S. District Judge Sim Lake and concluded on Tuesday, May 23, 2006. Judge Lake announced his verdict on Thursday, May 25, 2006, immediately after the jurys verdicts were read. Judge Lake convicted Lay of all the charges against him in the Bench Trial: one count of Bank Fraud and three counts of Making False Statements to Banks.”
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