why that was nice

[luvinthebass 5,000+ posts]

come to my house faulkton and well have some //content.invisioncic.com/y282845/emoticons/toast.gif.bc0657bf54b9ee653b6438524461341e.gif

 

[faulkton 5,000+ posts]

it was beer (and pills) that got me into this situation.. of being dead but owing people money.

 

[faulkton 5,000+ posts]

HOUSTON (AP) -- Expressing no emotion, ex-Enron Chief Executive Officer Jeffrey Skilling watched former employees and investors of what was once the nation's seventh-largest company get up, one by one, at his sentencing and call him everything from greedy, to a liar, to a drunk.
''You should send him to the rest of his life in prison,'' former Enron employee Anne Beliveaux told U.S. District Judge Sim Lake after saying that Skilling's actions, which helped bring down the company, were the result of ''greed, nothing but greed.''

Lake did not send Skilling away for life but he did impose a tough sentence Monday: 24 years and four months in prison. It is the harshest punishment by far in Enron's scandalous collapse and one that capped a string of tough sentences for top executives in corruption cases.

''His crimes have imposed on hundreds, if not thousands, of people a life sentence of poverty,'' Lake said.

Lake approved a request from Skilling that he not immediately be detained but instead be taken into custody sometime during the next 30 to 45 days. Lake suggested the 52-year-old be sent to the federal facility in Butner, N.C., for his role in a case that came to symbolize corporate fraud in America. The final decision on where he will be incarcerated is left to the U.S. Bureau of Prisons.

Lake did deny Skilling's request for bond while his appeals are processed and ordered him to home confinement, wearing an ankle monitor, until he reports to prison.

The former chief executive officer will be eligible to shave up to 54 days a year off his sentence for good behavior in prison. Lake also ordered Skilling to undergo alcohol and mental-health counseling. A successful completion of that treatment would take a year off his sentence.

Outside the courthouse, Skilling vowed to appeal his sentence and continued to proclaim his innocence. ''I'll be vindicated,'' he said.

''I feel terrible about what happened,'' Skilling said of Enron's collapse into bankruptcy proceedings in December 2001. ''That's not to say I did something wrong.''

Former employee Diana Peters called the sentence ''just'' but added, ''I am extremely disappointed he wasn't taken into custody today.''

In an agreement that was also announced Monday, Skilling's remaining assets of about $60 million, including a $5 million mansion in Houston and nearly $50 million in stocks and bonds, will be liquidated.

About $45 million will be put in a restitution fund for victims. The remaining $15 million will go to Skilling's legal fees. He still owed his lawyers $30 million as of Monday.

His attorney, Daniel Petrocelli, said the restitution will be held until all of Skilling's appeals are exhausted.

(continued)

http://www.nytimes.com/aponline/business/AP-Enron-Skilling.html?ex=1177214400&en=d7dc1fb113190757&ei=5087&excamp=GGBUskillingsentence

I'm sure they let everyone have an extra few months before they start serving their time.

I bet he figures out a way to spend his 60 million before they take it for restitution.

 

[DBfan187 5,000+ posts]

he needs to take a few pain pills and goto sleep...

 

[Twistid 5,000+ posts]

how much did he steal from all the workers and stuff?

 

[luvinthebass 5,000+ posts]

Crazyness

 

[faulkton 5,000+ posts]

he needs to take a few pain pills and goto sleep...

HOUSTON, July 5 — In yet another bizarre twist to the Enron saga, the sudden death of Kenneth L. Lay on Wednesday may have spared his survivors financial ruin. Mr. Lay's death effectively voids the guilty verdict against him, temporarily thwarting the federal government's efforts to seize his remaining real estate and financial assets, legal experts say.
"The death of Mr. Lay in all likelihood will render the government's hard-fought victory null," said Christopher Bebel, a former federal prosecutor based here who specializes in securities fraud.

http://www.nytimes.com/2006/07/06/business/06legal.html?ex=1309838400&en=9d2f51a49236b5f7&ei=5088&partner=rssnyt&emc=rss

No if he dies his family would get the 60mil. They shouldnt get shit either.

 

[DBfan187 5,000+ posts]

Then they need to take the pills too.

 

[AJ²06 5,000+ posts]

Who cares? //content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

 

[faulkton 5,000+ posts]

how much did he steal from all the workers and stuff?

It was more complicated then direct theft, but a lot of people who owned the stock got fukked..including the employees who took stock options for retirement.

Enron Corporation was an American energy company based in Houston, Texas. Before its bankruptcy in late 2001, Enron employed around 21,000 people (McLean & Elkind, 2003) and was one of the world's leading electricity, natural gas, pulp and paper, and communications companies, with claimed revenues of $111 billion in 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years. It achieved infamy at the end of 2001, when it was revealed that its reported financial condition was sustained mostly by institutionalized, systematic, and creatively planned accounting fraud.

As the scandal was revealed in 2001, Enron shares dropped from over US$90.00 to US$0.30. As Enron had been considered a blue chip stock, this was an unprecedented and disastrous event in the financial world. Enron's plunge occurred after it was revealed that much of its profits and revenue were the result of deals with special purpose entities (limited partnerships which it controlled). The result was that many of Enron's debts and the losses that it suffered were not reported in its financial statements.

http://en.wikipedia.org/wiki/Enron

 

[noob with an RS 10+ year member]

i dont understand what he did.

 

[faulkton 5,000+ posts]

i dont understand what he did.

He killed and ate children.

 

[noob with an RS 10+ year member]

He killed and ate children.

omg thats almost as bad as raping them. im glad i got away with statutory **** //content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

 

[DaGh0st 5,000+ posts]

err i thought i was the only ghost on CA.com? WTF!

 

[faulkton 5,000+ posts]