Poetic justice: Options on Lay and Skilling doing time

[DLnyc]

The irony of this cracks me up:

http://biz.yahoo.com/ap/060210/enron_trial_betting.html?.v=2

Long before Enron Corp. drowned in scandal, its former chiefs Kenneth Lay and Jeffrey Skilling trumpeted the company's savvy in creating trading markets beyond energy. Now it turns out they are the subjects of futures contracts that allow investors to wager on whether they will be convicted of fraud and conspiracy charges.

(snip)

Lawyers for the two men criticized such speculation on the future of their clients, who would face decades in prison if convicted. "I think it's abhorrent, betting on people's lives," Skilling lawyer Daniel Petrocelli said. Added Michael Ramsey, Lay's lawyer: "It should probably be illegal. That's an invitation to tamper with the case."

. . .

(of course, I suppose those same lawyers would argue that betting on the energy supply to the state of California is not betting on people's lives and, of course, out of control energy options trading was not an invitation to tamper with the energy market and there's no reason it should be illegal to gamble (and lose) the life savings of thousands of Enron employees and . . .)

[NanceGreggs]

1. Oh, no, he didn't say that!

Added Michael Ramsey, Lay's lawyer: "It should probably be illegal."

ILLEGAL? Like what your client did was ILLEGAL? Did you mean that kind of ILLEGAL?

:rofl:

[panader0]

2. I heard on the news this morning that one of their lawyers

had too much cologne on and one of the jury asked the judge to make him remove it because she was going to throw up. Just listening to the testimony would do that for me.