Lay-ing bets on Enron accused
Out of tragedy comes opportunity, says TS in more philosophical moments. Take Enron, for example. While former bosses Lay and Skilling are currently facing a jury trial over their part in the energy giant’s downfall, their skill in creating energy trading markets has inspired others.
Intrade a Dublin-based futures market is allowing investors to wager on whether they will be convicted on fraud and conspiracy charges. Lawyers for the men have predictably criticised the actions of the market, with Daniel Petrocelli reportedly stating that it was ‘abhorrent’ and should be illegal.
Sometimes though, TS just gets the feeling that maybe they were slightly irked they didn’t think of the idea first.