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Justice, Ken and Jeff. Ken and Jeff, Justice.

Defrauded former Enron employees, rejoice! Lay and Skilling have met justice. Along with chief financial officer-turned-stool pigeon Andy Fastow, the former “smartest guys in the room” can now only boast of being the smartest guys in Cell Block C:

Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were found guilty today 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, the giant energy company that collapsed in late 2001.

Of course, there’ll likely be a lengthy appeals process. But jail’s waiting at the end of the line for the Enron guys. Scandal, disgrace, and prison are the least that Lay and Skilling deserve.

Anyone looking for more fuel for the schadenfreude should pick up Kurt Eichenwald’s Conspiracy of Fools. On the other hand, you might wait until the inevitable revised edition comes out which includes today’s happy verdicts.

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