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Kristen Hayes

Sentences for Skilling, Lay may depend on size of losses

Just how much time former Enron chiefs Kenneth Lay and Jeffrey Skilling spend in prison could hinge on how much of the more than -billion lost in the company's crash is deemed their responsibility. Under federal sentencing guidelines, the felons easily face more than 20 years in prison if investor loss tied to their actions exceeds -million or more.

Skilling counters prosecution testimony

Former Enron chief executive Jeffrey Skilling spent nine weeks listening in large part to his former underlings say or imply that he misled investors by saying all was well at the energy giant when accounting tricks and weak ventures fed financial rot. Now he's fighting back, having logged three days testifying in his fraud and conspiracy trial with a fourth on Thursday and more to come next week.

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