It doesn't take a rocket scientist to figure which side he is on. Search results will be out shortly.
For Sam or Max- What restrictions are placed on what a defense attorney can assert in closing arguments? I was just thinking that it would be a problem if they could misrepresent the evidence that has been presented and it would seem that in a complicated case there would be lots gray area.
Nobody knows or cares about what you're talking about, wnes. Maybe you should try to pick a fight with bigtexx in another thread instead of this one. Everyone here pretty much agrees that justice was served today. Is it normal for them to wait almost 4 months between the verdict and sentencing? What will happen to Lay and Skilling between now and then?
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yeah.... except the guilty ... Article 5 of the U.S. Constitution states "the scumbags of the earth, shall have no fair trial" thus saith Tmac640.
WTF does either of those quotes prove? You're simply humiliating yourself at this point. I wasn't "rooting" for them to get off. Your attempt to save face in this thread is just digging you a deeper hole.
I was curious about this too. On Law and Order they investigate the case, conduct the trial and deliver the sentencing within an hour. Are these guys in custidy at this time? Or have they released themselves on their own recognizance.
Thank you for posting that because you have changed my mind. I no longer feel you are a douche, you are just a moron. He never said he wanted them to get off but that he would have a good legal team. Well, duh, he's rich, b****. I don't even know what you are trying to prove except that you have a personal vendetta against bigtexxx and that you cannot have a normal conversation without letting that bias control what you type. You should just take a break from the D&D for a while and let your brain rest.
From CNN Judge Lake set sentencing for the week of Sept 11 and ordered Lay to surrender his passport and post a cash bond. No home confinement was ordered. ----------- So I guess he's free to roam around for the next four months. weird
One would hope that they were taken into custody, but it would not surprise me to see that both of these bozos living free until their last appeal was ruled upon.
Lame, they should have to sit in jail while they wait. You do not get convicted on that many counts and get no jail time. If I had as much money as they do and was looking at sitting my butt in jail for as long as they are, I'd figure out a way go get out of the country. I figure with as much money as they have, it could be done with or without a passport.
ever seen the the movie "the 25th hour", I think that's the name, with ed norton. he is out free before he goes to jail and its about his last few days before he goes to prison. I think that's a pretty common occurance in federal trials. I know a guy who went to a fed pen and he was free his last few days before he went.
I knew a newsjunkie (like yourself ) would have the answer. This has the makings of a hangout thread: What would you do this summer if you knew in September you were going to the Big House for the rest of your life???
99% of the cases i've worked have settled before this point, too. but there aren't tons of restrictions on closings. and it's considered bad form to continually object during the other side's closing...juries don't like that.
The implications of this verdict are huge. It will impact the decision making process of every businessman/woman in America. The charges these guys got convicted on were all things that any top decision maker in any company are faced with on a near daily basis. It's very easy to slip into decisions such as those that Lay and Skilling made. Making earnings look better is something that every businessman wants to do. There are legal and illegal ways to do that. Unless you make a conscious effort to research what is legal and what is illegal, it is very easy to try new things to boost earnings/misrepresent the true financial status of a company. It takes real effort to understand what is legal and what is not. That's what Skilling didn't do on all of those false statements to auditors charges and the securities fraud charges he was found guilty on. These guys were busted on "willful negligence", ie not taking the time to figure out if these things were legal or not. I guarantee this verdict will make businessmen all over this country (and probably the world, since foreign companies who raise public money through US equities are also required to produce the same quality of financial statements as US firms...) think twice and do the legwork to figure out what is legal and what isn't. The other thing that strikes me is the wire fraud charges. Those were Skilling and Lay making false statements during analyst calls and employee meetings. Every company leader needs to project an air of confidence in their ability to lead a company. You have to highlight the positives to keep employee morale high and the investors happy. Again, it's very easy to envision embellishing a bit to make things seem rosier than they really are. This is another victory for American business as it will increase transparency and make executives think twice about their statements. It increases honesty of company reports in every company in America. That's a big win for America. This verdict will change the way business is conducted all over the world. A big win, in my opinion.
I think I need another coffee. I'm agreeing 100% with Texx This verdict does take away the 'everybody does it' and the idea that if you get it by the auditors it's OK thinking that may have been creeping in. It makes the managers of the company responsible. The Enron collapse has had a remarkable effect on the way business in conducted all over. It's an amazing case study, really. At least for those of us without a real personal stake in it.
Texxx the post-Enron shockwaves began to reverberate in 2001 and have been sufficiently disruptive to the point where a criminal conviction on top of it kind of an afterthought at this point. What I'm saying is that very few, if any, companies would wait till an actual guilty verdict for the CEO to change the way they do business - I would say the destruction of Enron and the very spectre of massive criminal and civil litigation were sufficiently motivating in and of themselves. While the verdict might reinforce what happened, I don't see it by itself having much of an additional impact.
So you're saying they didn't know any better? I haven't kept up much with this, but I was under the impression the whole deal behind this trial (and what happened at Enron) was that they knew very well what they were doing. That's interesting.
