Back in February of last year, Paul and I made a bet. We made a bet about the future of Kenneth Lay. Paul bet that Lay would get more than 5 years in prison, and I bet that he'd get less. The loser would have to take the winner out to dinner. There were already repurcussions for Enron the company, sure, but we were talking about personal accountability. Only what happens to Kenneth Lay himself would count.
But maybe he'd get fined? We decided to make $50,000 equivalent to 1 year, so Paul would win if Lay gets a combination of fines and prison-time equivalent to 5 years, and I'd win if he gets less. Even $250,000 really isn't that much for Paul, so I figure that was his sneaky little trick. Kenneth Lay may not get much prison-time, but he would surely be fined more than a couple hundred grand, no?
Well, I sure haven't heard much about Enron these days, but that's no surprise; I may still have missed something. So I looked around a bit, and I found a couple of references to the fact that Kenneth Lay has yet to be indicted with a criminal charge. Here's a list of criminal cases involving other members of Enron. But hey, who can blame the feds when you've got the devil herself, Martha Stewart, to deal with, eh? (She's been indicted for selling stock that saved her a mere $45,000.)
This does, however, present me with a dilemma: Paul and I never set a time limit on our bet. So what happens if a criminal case is never even filed against Kenneth Lay? I won't get to collect on that dinner!