Yes Virginia, There is a Santa Claus

Former Enron exec's Ken Lay and Jeffrey Skilling were convicted of fraud and conspiracy today.

HOUSTON (AP) - Kenneth Lay and Jeffrey Skilling were convicted of conspiracy and fraud Thursday by a federal jury that laid blame for one of the biggest business scandals in U.S. history squarely on Enron Corp.'s two former top executives.

Jurors found that the once-wealthy and powerful corporate chiefs repeatedly lied to cover up accounting tricks and business failures that led to its 2001 demise. The collapse wiped out more than $60 billion in market value, almost $2.1 billion in pension plans and 5,600 jobs.

They'll probably get a presidential pardon before Bush leaves office, but for today, they're convicted felons. G'night. Mwuah!

Lay, Skilling Convicted in Enron Collapse