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Politics : Actual left/right wing discussion
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To: Keith Feral who wrote (3062)10/17/2006 5:40:36 PM
From: one_less  Read Replies (1) of 10087
 
Judge Vacates Conviction of Ken Lay

HOUSTON (Oct. 17) - A federal judge Tuesday vacated the conviction of Enron founder Kenneth Lay who died in July, wiping out a jury's verdict that he committed fraud and conspiracy in the months before his company's collapse.

Lay was convicted of 10 counts of fraud, conspiracy and lying to banks in two separate cases on May 25. Enron's collapse in 2001 wiped out thousands of jobs, more than $60 billion in market value and more than $2 billion in pension plans.
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