Last week former Enron executives Ken Lay and Jeffrey Skilling were found guilty of fraud and conspiracy. Lay was convicted of six counts, including conspiracy to commit securities and wire fraud. Skilling was convicted of 19 counts of conspiracy and fraud.
On the same day, the verdict was announced in Ken Lay’s separate non-jury trial related to his personal finances. He was found guilty of bank fraud.
In January, 2004, Andrew Fastow, Enron’s former finance chief, accepted a 10-year prison sentence in a plea-bargain deal in which he agreed to testify against his former bosses. Had he not cut the deal, he would have faced 98 counts of fraud, money laundering, insider trading and other charges.
Naming the problem
All of these guys have been called sociopaths or psychopaths.