Donâ€™t kid yourself. If you think the sentencing of Jeff Skilling, former Enron CFO (criminal financial officer), to twenty-four years in the slammer means that justice has been done, think again.
First, Skilling got away with murder – or at least grand larceny. Like Al Capone convicted of failing to file his taxes, Skilling, though found guilty of stock fraud, is totally off the hook for his BIG crime: taking down California and Texas consumers for billions through fraud on the power markets. …more
Don’t check the casket. I know he’s back. When I saw those lights flickering out at La Guardia Airport yesterday and heard the eerie shrieks and moans in the dark, broiling subway tunnels, I just knew it: Ken Lay’s alive! We can see his spirit in every flickering lightbulb from Kansas to Queens as we head into America’s annual Blackout season. …more
May 17, 2001. In a room at the Peninsula Hotel in Beverley Hills, the Financial Criminal of the twentieth century, not long out of prison, met with the Financial Criminal of the twenty-first century who feared he may also have to do hard time. These two, bondmarket manipulators Mike Milken and Ken Lay, no-yet-indicted Chairman of Enron Corporation, were joined by a select group of movers and shakers – and one movie star. …more
Al Capone cut throats, machine-gunned people to build his gang and went to jailâ€”for not filing his taxes properly. Likewise, Ken Lay, buccaneer of the power industry, will go downâ€”if the jury doesn’t buy his alibiâ€”for not filing his SEC forms properly. …more