A federal jury in Houston has just returned its verdicts in the Enron trial. Ken Lay has been found guilty of all charges filed against him, while Jeff Skilling has been found guilty of conspiracy charges but not guilty on insider trading charges. A legal expert tells CNN that Lay will spend the rest of his life in prison if his conviction isn't reversed on apppeal.
In a strange sort of bookend for the Bush years, Lay and Skilling are set to be sentenced on Sept. 11.
Salon's Andrew Leonard has more in How the World Works.
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