{"id":93,"date":"2006-01-30T07:13:18","date_gmt":"2006-01-30T12:13:18","guid":{"rendered":"https:\/\/officiallyscrewed.com\/?p=93"},"modified":"2006-01-30T07:13:18","modified_gmt":"2006-01-30T12:13:18","slug":"ken-lay-and-jeff-skillings-jeff-skilling-and-ken-lay-jurors-to-be-selected-today","status":"publish","type":"post","link":"https:\/\/officiallyscrewed.com\/?p=93","title":{"rendered":"Ken Lay and Jeff Skilling&#039;s Jeff Skilling and Ken Lay Jurors To Be Selected Today"},"content":{"rendered":"<p>Well the big boys are finally starting to <a target=\"_new\" href=\"http:\/\/money.cnn.com\/2006\/01\/26\/news\/newsmakers\/enron_delay_denied\/\">get into the swing of a trial<\/a>.  Former CEOs of Enron Jeff Skilling and Kenneth Lay will have the jury selection process begin today for their upcoming fraud trials.  Lay is being charged with 7 counts of fraud, and Skilling is being charged with over 30 counts.  This is primarily related to the inflation of numbers by the Enron to the investment community.<\/p>\n<p>If you want a good read, Kurt Eichenwald&#8217;s <a href=\"http:\/\/www.amazon.com\/exec\/obidos\/redirect?link_code=ur2&#038;tag=officiallyscr-20&#038;camp=1789&#038;creative=9325&#038;path=http%3A%2F%2Fwww.amazon.com%2Fgp%2Fproduct%2F0767911784%2Fsr%3D1-1%2Fqid%3D1138622322%2Fref%3Dpd_bbs_1%3F%255Fencoding%3DUTF8\">Conspiracy Of Fools<\/a><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" border=\"0\" style=\"border: medium none  ! important; margin: 0px ! important\" src=\"http:\/\/www.assoc-amazon.com\/e\/ir?t=officiallyscr-20&#038;l=ur2&#038;o=1\" \/>, is an in depth look at what happened to Enron.  It starts a few years before the debaucle, and via interviews with numerous employees and outside workers who dealt with Enron, Eichenwald creates an easy to read, enjoyable book.  Considering the content is a business going bankrupt, it is written like a novel.<br \/>\n(<strong>Note: if you pick it up via the link above, you will, in a very minute way, help keep this site operational.<\/strong>)<\/p>\n<p>For those who are new to this story, Enron was a large US based conglomerate that started building a mountain out of a deck of cards.  They borrowed money on a financial base that was built on assuming profits from 20 years down the road.  The year they made this reporting change their profits spiked.  With a precedent set on the growth, they had to keep building the cards to meet or beat the earnings expectations.<\/p>\n<p>I paid a little bit of attention through the whole commission which investigated this, and many know that the CFO Andy Fastow, a fast living, smooth talking, salesman with little or no financial experience, is sitting in a jail cell.  That raises the stakes for Lay and Skilling.  This trial will, definitely, be one I watch the details on.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well the big boys are finally starting to get into the swing of a trial. Former CEOs of Enron Jeff Skilling and Kenneth Lay will have the jury selection process begin today for their upcoming fraud trials. Lay is being charged with 7 counts of fraud, and Skilling is being charged with over 30 counts. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[7,44],"tags":[],"class_list":["post-93","post","type-post","status-publish","format-standard","hentry","category-business","category-officiallyscrewed"],"_links":{"self":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/93","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93"}],"version-history":[{"count":0,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/93\/revisions"}],"wp:attachment":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}