More Enron

Fortune has a good article outlining some of the alleged misdeeds and personalities involved in the Skilling and Lay case. This can serve as somewhat of a primer to understand the case. I know a lot of people see Lay as some sort of master criminal engaging in fraud at every step. I believe that he let his faith in the company get in the way of the facts and he was an ineffective leader because he couldn't see the truth. And I don't believe being ineffective or inept should be criminal.

What looks like deception may not amount to criminal fraud in a jury's eyes, whether because the details are simply too complex or because one thing is not really the same as the other.