Sentencing for Lay, Skilling in Enron fraud trial delayed until October

chill_wind

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Mon Jun-19-06 10:48 AM
Original message

Sentencing for Lay, Skilling in Enron fraud trial delayed until October

Originally scheduled for Sept 11.

Monday, June 19, 2006
Sentencing for Lay, Skilling in Enron fraud trial delayed
Jaime Jansen at 8:31 AM ET

US District Judge Sim Lake has delayed the sentencing of former Enron executives Kenneth Lay and Jeffrey Skilling until October 23. Lake agreed on Friday to a motion filed by the defense team to delay the sentencing, which was originally scheduled for September 11. Lake is still considering a motion made by Skilling's lawyers to give Skilling access to $60 million in frozen assets.

(snip)

The jury convicted Lay on all six fraud and conspiracy counts , and convicted Skilling of 19 out of 28 securities and wire fraud and insider trading counts . He was found not guilty of nine counts of insider trading. Lay faces a maximum of 45 years in prison for conspiracy and fraud, while Skilling faces a maximum sentence of 185 years for his conviction.

from: http://jurist.law.pitt.edu/paperchase/2006/06/sentencing-for-lay-skilling-in-enron.php

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Tyler Durden

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Mon Jun-19-06 10:50 AM
Response to Original message

1. WHY???

So Kenny and Jeff can arrange with some 3rd world dictator to let them stay there???

Our legal system SO fucking sucks.

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spag68

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Mon Jun-19-06 10:59 AM
Response to Reply #1

8. kenny boy

No need to look at foreign countrys,pardons are in the air.

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liberal N proud

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Mon Jun-19-06 10:50 AM
Response to Original message

2. Maybe it will be in the news cycle just in time to remind everyone

of their connections to republicans prior to voting.

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KurtNYC

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Mon Jun-19-06 10:50 AM
Response to Original message

3. And his Presidential pardon is therefore delayed also nt

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havocmom

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Mon Jun-19-06 10:58 AM
Response to Reply #3

7. GOP doesn't want any pardons before mid-November

So they don't want the mega-crooks sentenced too early.

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napi21

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Mon Jun-19-06 10:51 AM
Response to Original message

4. Why would he grant this delay? The article doesn't say.

I can understand Lay and Skilling wanting to postpone the jail time as long as possible, but I thought his atty's would have to have a real reason in order to have their request granted.

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chill_wind

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Mon Jun-19-06 10:52 AM
Response to Original message

5. Houston Chronicle Coverage

http://www.chron.com/disp/story.mpl/special/enron/3977719.html

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DUgosh

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Mon Jun-19-06 10:58 AM
Response to Original message

6. Did it interfere with the fall social season?

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yourout

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Mon Jun-19-06 11:10 AM
Response to Original message

9. "Justice Delayed is Justice Denied"

William Gladstone

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Caution

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Mon Jun-19-06 11:14 AM
Response to Original message

10. This is pretty standard in federal cases

Particularly one as complex as this one in terms of calculating the sentencing guidelines. I wouldn't be at all surprised if it is further delayed.

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valerief

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Mon Jun-19-06 11:26 AM
Response to Original message

11. They won't have the Lay and Skilling robots done until that time. n/t

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