However, I must disagree with you about Lay and Skilling. As an oil and gas industry executive who had extensive business dealings with Enron, I am confident that Lay and Skilling knew exactly what Andy Fastow was doing and why. Lay and Skilling were not stupid enough to leave an obvious record of their involvement with Fastow. The government attorneys knew this.

The government also knew that Fastow was doing what Lay and Skilling wanted done and that Fastow was doing their bidding. The only way the government could prove it was through Fastow.

Lay and Skilling were not the hands-off detached managers their lawyers tried to portray in the trial. They were properly convicted.

Raines et al are getting a free pass. I wonder why. It is not right nor fair.

Thanks for the insight on this case.  Since I don’t have any inside knowledge, I will defer to yours.

Best–

MRE