Ken Lay and avoiding justice

Post #260,896 by JayMehaffey 7/6/06 12:45:11 PM Reply	Ken Lay and avoiding justice [link\|http://www.allheadlinenews.com/articles/7004131339\|All Headline News] The sudden death of Enron founder, Ken Lay, on Wednesday may have spared his survivors financial ruin. Legal experts declare that his death voids the guilty verdict against him, making it temporarily unlikely for the government to seize his financial as well as real estate assets. Turns out his death may let him avoid justice in at least one form. Because he died between his conviction and his actual sentencing, the whole thing will be thrown out. And without a conviction the government has no reason to seize his money. From the sounds of things it won't stop them forever, since civil cases against his estate can still continue. But who wants to bet they drag on a couple of years and then are quietly settled for a few million dollars? Jay
Post #260,912 by bepatient 7/6/06 2:05:58 PM Reply	All they must do is refile in civil and the question becomes "what is his estate"?. Some reports say there are some 45 million in assets, I've seen other reports that say there's 100million in debt. So, there may be something there, there may not be anything there. The suits will just be against "the estate of" as opposed to simply Kenneth Lay. If you push something hard enough, it will fall over. _{Fudd's First Law of Opposition} [link\|mailto:bepatient@aol.com\|BePatient]
Post #260,914 by drewk 7/6/06 2:14:55 PM Reply	Oh, is that all? Here I was thinking they had to re-try the whole damn case, because the now-expunged conviction can't be used as evidence. Oh, sure they can introduce prior testimony, but no prosecutor is going to try a case this dry and this technical by reading hundreds of pages of testimony at people. As for his estate, let's suppose it was $100-million in debt. He seems to have been living a lot better in his level of debt than I am in my [ ... checks mortgage ... ] significantly smaller level of debt. === Purveyor of Doc Hope's [link\|http://DocHope.com\|fresh-baked dog biscuits and pet treats]. [link\|http://DocHope.com\|http://DocHope.com]
Post #260,915 by JayMehaffey 7/6/06 3:33:33 PM Reply	Who knows how much money he had? As for his estate, let's suppose it was $100-million in debt. He seems to have been living a lot better in his level of debt than I am in my [ ... checks mortgage ... ] significantly smaller level of debt. Who knows how much money he had? He may have been treating his own finances the same way he treated Enron's. Jay

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