Lay and Skilling to be sentenced on September 11

Lay and Skilling to be sentenced on September 11

Lay and Skilling will be sentenced by judge Tim Lake on September 11

Kenneth Lay and Jeffrey Skilling, the former heads of Enron, will be
sentenced by judge Tim Lake in September after a jury found them both guilty of
fraud and conspiracy.

Tim Lake, who judged the case, said he would sentence Skilling and Lay on
September 11, according to reports by Bloomberg.

Lake also said that he would not place Skilling into ‘home confinement’.
Skilling will be allowed to remain free on a $5m ‘cash bond’, Bloomberg
reported.

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