Long Time Coming

Former Enron chiefs Ken Lay and Jeff Skilling were convicted Thursday of conspiracy to commit securities and wire fraud in a case born from one of the biggest business scandals in U.S. history. Lay was convicted of all six counts against him. Lay, 64, faces up to 45 years in prison. Skilling was found guilty of 19 counts of conspiracy, fraud, insider trading and making false statements which, combined, carry a maximum sentence of 185 years. He was cleared on nine criminal counts.