Enron Corp. 1990 - RARE

Beautifully engraved issued RARE certificate from the Enron Corp. dated in 1989. This historic document was printed by the Security-Columbian United States Banknote Company and has an ornate border around it with a vignette of a man with the company logo. This item has the printed signatures of the Company’s Chairman of the Board ( Kenneth Lay ) and is over 17 years old. The logo on this certificate is an earlier version. We have not seen many of these, since it was issued before Enron changed their logo to the crooked "E". Light fold in center and in excellent condition.




Certificate Vignette

May 25, 2006 - Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were both found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.

On the sixth day of deliberations, a jury of eight women and four men convicted the former executives of misleading the public about the true financial health of Enron, whose collapse in late 2001 symbolized the wave of corporate fraud that swept the United States early this decade.

Ex-Enron CEO Jeffrey Skilling walks away from reporters in Houston after a jury found him guilty of 19 counts of fraud, conspiracy, false statements and insider trading.

Skilling was found guilty on 19 counts of conspiracy, fraud, false statements and insider trading. He was found not guilty on nine counts of insider trading.

Lay was found guilty on all six counts of conspiracy and fraud. In a separate bench trial, Judge Sim Lake ruled Lay was guilty of four counts of fraud and false statements. (Click here for the defendants' reactions)

Both Lay and Skilling could face 20 to 30 years in prison, legal experts say. And Lay will also face an additional hefty term in prison for his conviction in the bank fraud case.

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Enron, once the top electricity and natural gas trader and marketer in the U.S., filed for Chapter 11 bankruptcy protection. Enron had global interests in utilities, power plants, and other energy projects, including a 25,000 mile U.S. gas pipeline system. Enron plans to sell up to $6 billion in assets to pay off debt.

Houston-based Enron created and dominated the trading of oil and gas contracts and is a big player in the complex world of commodities and risk management trading. Enron, with extensive gas and oil lines and refineries, had more than $100 billion in sales during 2001.

The company's spectatular collapse began after revelations that its chief financial officer was running partnerships that allowed the company to keep half a billion in debt off its books. In November 2001, Enron restated its earnings back to 1997, eliminating more than $580 million in reported income during that time. Enron is under investigation by the U.S. Securities and Exchange Commission and the U.S. House Energy and Commerce Committee.