[saryant]

The same was true of Enron's board and they still saw prison time.

edit: Apparently I wasn't clear. Enron's board was also stacked with high-ranking politicians and many executives still saw jail time.

My point was that a well-connected board won't necessarily shield executives from prosecution.

[chc]

Enron's board wasn't just outfoxing accredited investors, it was taking advantage of the company's accounting fraud to engage in insider trading.

[nilkn]

Enron defrauded the public, not just accredited investors.

[x0x0]

accounting fraud, not "optimism" (various definitions of optimism)