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Bush Buddy "Kenny Boy" Lay Found GUILTY
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| Bush Buddy "Kenny Boy" Lay Found GUILTY
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| Ass Boil |
Quote:
Enron jury reaches a verdict in fraud and conspiracy case
RAW STORY
Published: Thursday May 25, 2006
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The four-year Enron scandal has come to a close, with former Enron chiefs Kenneth Lay and Jeffrey Skilling having been found guilty on dozens of charges of conspiracy and fraud.
The two were accused of hiding the energy company's financial troubles and accounting scandals from investors. In December 2001, the company fell into bankruptcy.
Lay, aged 64, was found guilty on all charges brought against him.
Skilling, 52, was found guilty of the first 35 counts brought against him. He was acquitted, however, of all but one count of insider trading. Skilling sold stock in the company shortly before its downfall.
Sources vary from maximum sentence estimates from 45-165 years. Federal sentencing guidelines are no longer mandatory.
The four-month trial ended after six days of jury deliberation.
Outside the courthouse, Skilling once again denied committing any crimes. He also thanked, among other people, his children for their support, and suggested plans to appeal based on the trial's venue.
Yesterday, a $6.6 billion civil settlement was approved by courts relating to the case. Added to earlier settlements, investors are now due to receive $7.2 billion. Plaintiffs have claimed losses of $40 billion in the case.
Sentencing is due to take place September 11. |
Despite Bush's attempts to distance himself from Lay, these guys go WAAAAAY back. Enron is Bush's #1 all time contributor, and Bush used Lay's corporate jet to fly to nearly every campaign stop during the 2000 presidential election.
http://www.consortiumnews.com/2002/052902a.html
http://www.thenation.com/doc/20020415/nichols
http://www.marketwatch.com/News/Sto...%7D&siteid=mktw
http://sfgate.com/cgi-bin/article.c...4878.DTL&nl=biz
http://www.chron.com/disp/story.mpl...ss/1258323.html
http://www.thenation.com/doc/20020204/corn
http://archives.cnn.com/2002/ALLPOL...xman/index.html
http://www.tpj.org/press_releases/enron.html
http://www.commondreams.org/views02/0107-07.htm
http://www.motherjones.com/news/spe...400/energy.html
http://www.washingtonpost.com/ac2/w...anguage=printer
Quote:
http://www.counterpunch.org/singham07192003.html
The thought that the war was actually about making money for individuals and corporations in the short term did not seem to me to be credible. That was too petty and crass.
That was why I was stunned to read the press release put out by the public interest group Judicial Watch on July 17, 2003. This organization, along with the Sierra Club, had argued that both the membership of the Energy Task Force chaired by Vice-President Cheney and the proceedings of its meetings should be made public and had sought the information under the Freedom of Information Act (FOIA) since April 19, 2001. The Vice President had vigorously opposed this opening up of its activities and so a lawsuit was filed. On March 5, 2002 the US District Judge ordered the government to produce the documents, which was finally done by the Commerce Department just recently.
The Judicial Watch press release states that these released documents "contain a map of Iraqi oilfields, pipelines, refineries and terminals, as well as 2 charts detailing Iraqi oil and gas projects, and "Foreign Suitors for Iraqi Oilfield Contracts." The documents, which are dated March 2001, are available on the Internet at: www.JudicialWatch.org."
The press release continues: "The Saudi Arabian and United Arab Emirates (UAE) documents likewise feature a map of each country's oilfields, pipelines, refineries and tanker terminals. There are supporting charts with details of the major oil and gas development projects in each country that provide information on the projects, costs, capacity, oil company and status or completion date."
This foreign policy involvement is a somewhat surprising turn of events. The original FOIA case was initiated (before 9/11 and before the ratcheting up of the attack on Iraq) because of more domestic concerns, specifically suspicions that the membership of the Energy Task Force may have included people such as Ken Lay of Enron Corporation who may have been in a position to exercise undue influence over government energy policy at the expense of the public interest. |
Quote:
http://www.zmag.org/content/Economy/ChinEnron1.cfm
February 1, 2002 In portraying Enron as a "scandal," and as an isolated case of overheated capitalism and "unusual political influence," the American corporate media and congressional investigators are studiously avoiding the
truth: Enron, like many multinational corporations, has functioned as an operational arm of the US government, and as a weapon of economic, political, and territorial hegemony. The case exposes an almost unspeakable and terminal malignancy at the heart of world politics, and global capitalism itself.
Cold Warriors in Suits
In a "free market world" in which (1) the goals of the state, corporations, and the national security apparatus (intelligence agencies and military) are indistinguishable, (2) these three groups plan and conduct operations cooperatively, and (3) government and business elites (linked by longtime social ties) move seamlessly between public and private sectors, the hydra that is Enron is nightmarishly uncontroversial -and quintessentially American.
Enron CEO Kenneth Lay was a Pentagon official during the Vietnam War. Another Enron board member who facilitated Enron's most egregious violations overseas, Frank Wisner, Jr., has intimate CIA ties and is the son of former CIA Deputy Director Frank Wisner, Sr., who was present at the creation of the CIA.
Enron's symbiotic relationship to the CIA/Pentagon-based Bush/Cheney oligarchy is well documented. As a pioneer of energy deregulation during his administration, George H.W. Bush virtually created Enron, and paved the way for its meteoric growth. And, as David Walsh (www.wsws.org) wrote, "to speak of "connections" or "intimate ties" between Enron and the Bush regime nearly misses the point. To a large extent, the present administration is an extension of the Enron board of directors. This government, one might say, is Enron in office, not simply because numerous Bush cabinet members and other appointees (and other leading Republicans) have been employed in one capacity or another by Enron, but more profoundly in the sense that the social types found in Enron's boardroom and in leading government posts in Washington are interchangeable."
As a corporate agent and beneficiary of US and western military and intelligence operations, Enron is also no more an aberration than the United Fruit and Standard Fruit companies, whose dominance of Central America during the 1960s depended on cooperative operations with the CIA, the Pentagon and organized crime. |
Quote:
http://www.commondreams.org/headlines02/1006-03.htm
Published on Sunday, October 6, 2002 by The Sunday Herald (Scotland)
Official: US Oil at the Heart of Iraq Crisis
by Neil Mackay
President Bush's Cabinet agreed in April 2001 that 'Iraq remains a destabilizing influence to the flow of oil to international markets from the Middle East' and because this is an unacceptable risk to the US 'military intervention' is necessary.
Vice-president Dick Cheney, who chairs the White House Energy Policy Development Group, commissioned a report on 'energy security' from the Baker Institute for Public Policy, a think-tank set up by James Baker, the former US secretary of state under George Bush Sr.
The report, Strategic Energy Policy Challenges For The 21st Century, concludes: 'The United States remains a prisoner of its energy dilemma. Iraq remains a de- stabilizing influence to ... the flow of oil to international markets from the Middle East. Saddam Hussein has also demonstrated a willingness to threaten to use the oil weapon and to use his own export program to manipulate oil markets. Therefore the US should conduct an immediate policy review toward Iraq including military, energy, economic and political/ diplomatic assessments.
'The United States should then develop an integrated strategy with key allies in Europe and Asia, and with key countries in the Middle East, to restate goals with respect to Iraqi policy and to restore a cohesive coalition of key allies.'
Baker who delivered the recommendations to Cheney, the former chief executive of Texas oil firm Halliburton, was advised by Kenneth Lay, the disgraced former chief executive of Enron, the US energy giant which went bankrupt after carrying out massive accountancy fraud.
The other advisers to Baker were: Luis Giusti, a Shell non-executive director; John Manzoni, regional president of BP and David O'Reilly, chief executive of ChevronTexaco. Another name linked to the document is Sheikh Saud Al Nasser Al Sabah, the former Kuwaiti oil minister and a fellow of the Baker Institute.
President Bush also has strong connections to the US oil industry and once owned the oil company Spectrum 7.
The Baker report highlights massive shortages in world oil supplies which now leave the US facing 'unprecedented energy price volatility' and has led to recurring electricity black-outs in areas such as California.
The report refers to the impact of fuel shortages on voters. It recommends a 'new and viable US energy policy central to America's domestic economy and to [the] nation's security and foreign policy'.
Iraq, the report says, 'turns its taps on and off when it has felt such action was in its strategic interest to do so', adding that there is a 'possibility that Saddam Hussein may remove Iraqi oil from the market for an extended period of time' in order to damage prices.
The report also says that Cheney should integrate energy and security to stop 'manipulations of markets by any state', and suggests that Cheney's Energy Policy Group includes 'representation from the Department of Defense'.
'Unless the United States assumes a leadership role in the formation of new rules of the game,' the report says, 'US firms, US consumers and the US government [will be left] in a weaker position.' |
Quote:
http://www.projectcensored.org/publications/2005/8.html
Documents turned over in the summer of 2003 by the Commerce Department as a result of the Sierra Club’s and Judicial Watch’s Freedom of Information Act lawsuit, concerning the activities of the Cheney Energy Task Force, contain a map of Iraqi oilfields, pipelines, refineries and terminals, as well as two charts detailing Iraqi oil and gas projects, and “Foreign Suitors for Iraqi Oilfield Contracts.” The documents, dated March 2001, also feature maps of Saudi Arabian and United Arab Emirates oilfields, pipelines, refineries and tanker terminals. There are supporting charts with details of the major oil and gas development projects in each country that provide information on the project’s costs, capacity, oil company and status or completion date.
Documented plans of occupation and exploitation predating September 11 confirm heightened suspicion that U.S. policy is driven by the dictates of the energy industry. According to Judicial Watch President, Tom Fitton, “These documents show the importance of the Energy Task Force and why its operations should be open to the public.”
When first assuming office in early 2001, President Bush's top foreign policy priority was not to prevent terrorism or to curb the spread of weapons of mass destruction—or any of the other goals he espoused later that year following 9-11. Rather, it was to increase the flow of petroleum from suppliers abroad to U.S. markets. In the months before he became president, the United States had experienced severe oil and natural gas shortages in many parts of the country, along with periodic electrical power blackouts in California. In addition, oil imports rose to more than 50% of total consumption for the first time in history, provoking great anxiety about the security of the country's long-term energy supply. Bush asserted that addressing the nation's "energy crisis" was his most important task as president.
The energy turmoil of 2000-01 prompted Bush to establish a task force charged with developing a long-range plan to meet U.S. energy requirements. With the advice of his close friend and largest campaign contributor, Enron CEO, Ken Lay, Bush picked Vice President Dick Cheney, former Halliburton CEO, to head this group. In 2001 the Task Force formulated the National Energy Policy (NEP), or Cheney Report, bypassing possibilities for energy independence and reduced oil consumption with a declaration of ambitions to establish new sources of oil |
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| JTProcess |
I was really surprised to see they got the guilty verdict.
I bet it will be tied up in appeals for like 20 years though... or until "Kenny Boy" is dead...
If he gets sent to Federal "rape me in the ass" prison anytime soon I will be even more surprised. |
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| NC-Stern-Mark |
| Good. These cock-sucking, crooked CEO's need to learn a fucking lesson but he'll probably serve his term in Club-Fed instead of being someone's bitch in general population where he belongs. |
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| Ass Boil |
| Every person who lost their pension because of those douchebags should get a chance to ass rape them... |
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| thoroldjames |
hip hip hooray.
let's hope this doesn't get tied up in appeals for the next decade.
a little bit of justice for all those who lost everything. |
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| armyofbees |
glad to see a bit of justice (though still holding out for the actual sentencing).
allow me to be the first to predict that dumbya will put both lay and skilling on the presidential pardon list when he leaves office (unless he's ousted before his term is up). |
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| crowbar317 |
Quote: Originally posted by armyofbees
allow me to be the first to predict that dumbya will put both lay and skilling on the presidential pardon list when he leaves office |
Yup. Right alongside Jack Abramoff, Duke Cunningham, David Safavian, Scooter Libby, Karl Rove, Tom DeLay.
Bush will pardon the whole lot of them and not blink an eye. |
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| Billyfromsphily |
I don't know if he will pardon anybody, he is still likely to have some problems of his own if the Dems caoture some seats Aand regain Majority rule in the Congress.
I believe the Haldeman, Ehrlichman,Colson ,Dean Suite is still available for the boys.
Or would general population be a fairer Kinder response to the great Uniter and his crew? |
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| L0GiX |
So now that this has happened, can thier personal wealth be distributed to repay the stockholders?
And now can we take a hard look at Haliburton? |
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| Calabrio |
Quote: Originally posted by crowbar317
Yup. Right alongside Jack Abramoff, Duke Cunningham, David Safavian, Scooter Libby, Karl Rove, Tom DeLay.
Bush will pardon the whole lot of them and not blink an eye. |
Rove and DeLay won't ever be convicted of anything. Libby probably won't either, but he's not charged with anything related to corruption.
Abramaoff is a fundraiser. And Cunningham is corrupt. Neither of them will ever see a pardon.
But speaking of pardon, the only President I know of who signed a stack of pardon's in exchange for campaign contributions and support for his wife's senate campaign was BILL CLINTON.
Lay was indicted. Good. Bush shouldn't be part of this discussion. If you must bring him up, keep in mind, Lay was indicted by the BUSH justice department. He was able to operate without challenge all throughout the Clinton years, while the Bush justice department has been very aggressive against white collar criminals. |
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| Ass Boil |
Quote: Originally posted by Calabrio
the Bush justice department has been very aggressive against white collar criminals. |
:claphand:
Congratulations on making the funniest fucking comment of the day... |
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| crowbar317 |
Quote: Originally posted by Calabrio
.
Lay was indicted. Good. Bush shouldn't be part of this discussion. |
Ken Lay, one of Bush's biggest campaign contributors dating back over a decade and who enjoyed a personal relationship with Bush and who helped to shape Bush's energy policy gets CONVICTED, not INDICTED of six counts of conspiracy and fraud yet Bush shouldn't be part of the discussion?
That makes absolutely no sense at all. Even less sense than including Clinton in this debate. |
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| L0GiX |
| Kenny boy and his Bitch Skilling found guilty, Bush stating he's sorry for something... shit take Hells Temperature! |
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| Luther |
I just realized this, Jeffrey Skilling is the younger brother of homosexual
Chicago meteorologist Tom Skilling. |
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| Dubya is a Dick |
| As a resident of California.. Enron royally fucked us. I hope Lay has a long,, painful,, lingering death that destroys all the people in his family as well. |
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| JTProcess |
Quote: Originally posted by Luther
I just realized this, Jeffrey Skilling is the younger brother of homosexual
Chicago meteorologist Tom Skilling. |
So what you're saying is that Skilling is hoping for a one way ticket to Federal "rape me in the ass prison" ? |
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| Luther |
Quote: Originally posted by JTProcess
So what you're saying is that Skilling is hoping for a one way ticket to Federal "rape me in the ass prison" ? |
I am not saying that homosexuality runs in the family. |
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| kali |
did you hear that asshole talk about how his fate is in god's hands, yada yada yada and that his "christian family" is standing behind him.
why wasn't he a christian when he was ripping people off????
hypocrite. |
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| HighPitchHoward |
Quote: Originally posted by Luther
I just realized this, Jeffrey Skilling is the younger brother of homosexual
Chicago meteorologist Tom Skilling. |
There's a 90% chance of my brother being cornholed by Jamal and Bubba. |
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| Ass Boil |
Quote: Originally posted by kali
did you hear that asshole talk about how his fate is in god's hands, yada yada yada and that his "christian family" is standing behind him.
why wasn't he a christian when he was ripping people off????
hypocrite. |
He was. Just like Mr. Christian George Bush's illegitimate war, christians can find a way to reconcile any type of bad behavior within their religion. Remember all they have to do is "repent" and all is forgiven and they get to go to heaven with all the other people who did shitty things for 95% of their time on this planet, but knew all they have to do is "Ask" for forgiveness and it is all somehow erased...
religion is a joke. If there is a heaven and it is populated by people like Ken Lay and George W. Bush....... I will gladly take my chances with whatever else might be out there... |
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| Hand_Solo |
I would recommend watching or reading "The Smartest Guys in the Room." It's a pretty level-headed look at the rise and fall of Enron.
It seems to me that there is definitely a connection between Enron and Barry Bonds. Both are currently guilty of something that at the time was not illegal.
Jeffreys Fastow and Skilling may have been governing some crooked books, but that style of accounting was not illegal at the time. It was even signed off on by some of the most important banking and commerce institutions in the country.
That said, I just wish we didn't even need to have a trial for these assholes. They will end up spending most of their personal finances on their attorneys when that money really should have gone to the employees who were so massively screwed.
As for the Bush connection, the man was and is a terrible, terrible businessman. How could you not expect him to be in bed with other terrible businessmen?
And there is no way in hell Bush pardons any of them. I guarantee you that. |
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| Luther |
| Last night I watched on CSPAN a 2002 Senate hearing about Enron with Jeffrey Skilling testifying. It was pretty amazing. |
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| thoroldjames |
Quote: Originally posted by Luther
Last night I watched on CSPAN a 2002 Senate hearing about Enron with Jeffrey Skilling testifying. It was pretty amazing. |
wonder if any of the crooks in washington knew enough to sell their enron shares before the big crash? |
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| Ass Boil |
Quote: Originally posted by thoroldjames
wonder if any of the crooks in washington knew enough to sell their enron shares before the big crash? |
What do you think?
Several Enron board members were hired by Bush, and Lay sat at the table with Dick Cheney and divided up Iraq's oil BEFORE 9/11 even happened... Oh, and Lay was part of tricky Dick's SECRET energy meetings... |
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