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Britannica Sources used in this answer

What criminal charges were Kenneth Lay and Jeffrey Skilling convicted of in 2006?

Created from Britannica articles using AI. AI can make mistakes, so verify using Britannica articles.
The Enron logo with red, green, and blue illuminated bars stands outside the company's headquarters above a sign reading 1400 Smith Street.
Enron scandal The Enron logo outside the company's headquarters, Houston.

In 2006, Kenneth Lay and Jeffrey Skilling were convicted on various charges of conspiracy and fraud related to the Enron scandal.1

Following their convictions, Skilling was initially sentenced to more than 24 years in prison, though he ultimately served 12 years. Lay, who faced a potential sentence of more than 45 years, passed away before he could be sentenced.1