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14

Enron Frauds To Be Convicted This Month

The trial of former CEOs of the US bancrupt energy giant Enron is to start

The trial of former CEOs of the US bancrupt energy giant Enron, Ken Lay, 63, and Jeff Skilling, 52, is set to begin on Jan. 30.

Each has sought to cast some measure of blame on the other for the 2001 bankruptcy of Enron and caused 4,500 jobs and $70 billion of investors' money being wiped out, while Lay, Skilling, and other top executives walked away with hundreds of millions of dollars.