Enron Ken Lay - Found Dead

[DawnGrace]

Re: Enron Ken Lay - Found Dead

The news is now reporting legal issues regarding getting to his wealth. They might not get it now.... noticed his passing was in Aspen....
The death sounds too fishy to me...of one sort or another.

[TomT]

Re: Enron Ken Lay - Found Dead

The news is now reporting legal issues regarding getting to his wealth. They might not get it now.... noticed his passing was in Aspen....
The death sounds too fishy to me...of one sort or another.

The local Houston news if full of all this –

….. indeed since his conviction was going to be appealed, the legal precedence from prior 5th Circuit rulings is that all proceedings will be tossed out, and his initial conviction expunged from the record (i.e. as if his appeal were successful).

Likewise, because of that, the Feds cannot now legally pursue the “criminal” avenue of recovering some $43 million in Lay personal assets.

The Feds can attempt a “civil” action to recover funds, however they would also first have to first retry the case “civically” to reprove that he was guilty – i.e. since all “criminal” charges are to be thrown out.

Thus it appears that his wife and children will come out “better” in a financial sense by his untimely death.

[N1095A]

Re: Enron Ken Lay - Found Dead

this will be an interesting one to watch...