Ten minutes ago, Enron chiefs convicted

Just ten minutes ago former Enron chiefs Kenneth Lay and Jeffrey Skilling were convicted of conspiracy and securities and wire fraud in one of the biggest business scandals in U.S. history. Skilling faced 28 charges. He was found guilty for 19 of them. Lay was convicted on six counts . Sentencing was set for Sept. 11.

(See the Trial Watch blog at Houston Chronicle).