ABC News - Enron Verdict:

Former Enron executives Ken Lay and Jeffrey Skilling have been found guilty of fraud and conspiracy.

Lay, 64, was convicted on all six counts against him, including conspiracy to commit securities and wire fraud. He faces a maximum of 45 years in prison.

Skilling, 52, was convicted on 18 counts of conspiracy and fraud. Combined with his conviction on one count of insider trading, he faces a maximum of 185 years in prison.