Monday, September 12, 2005

Wittig and Lake: GUILTY!!!

I realize that most who read this blog have no idea who David Wittig and Douglas Lake are. If you search the past posts, you'll find mention of them. Or just do a search on the words: Westar Energy, looting, fraud, mistrial, criminal, etc.

Basically, these were the Ken Lay and Jeffrey Skilling of Kansas...the heads of Westar Energy, the Enron of Kansas. Today...finally...Wittig was found guilty of all charges and Lake was found guilty on 30 of 39 charges. As the KC Star puts it:
Wittig and Lake were convicted this afternoon of conspiracy to loot Westar by circumventing internal accounting controls, committing wire fraud and money laundering. The government charged that the two men orchestrated extravagant pay packages for themselves and failed to disclose the details to Westar’s board of directors and shareholders.
Further details tomorrow...I'm sure that David and Douglas are crying at home tonight. To them...I hope these words provide some consolation:

DON'T DROP THE SOAP, BOYS!!!!!

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