TX - Kenneth Lay & Jeffrey Skilling for Enron fraud, money laundering, Houston, 2006

[Marthatex]

We could have planned a little road trip! You're not far from me. :blowkiss:

"When you dream dreams, dream big!
Like the oceans........." Keith Urban

Maybe Keith will be performing! (actually I am leaving for Colorado Friday! wooo, wooo! I'll check out the Colorado newspapers and see if I can find out more. The Rocky Mountain News is a great paper.)

 

[Jules]

Lay's family may still face the music when it comes to the barrage of civil lawsuits filed against him.

Jacob Zamansky, principle at Zamansky & Associates, a law firm that represents shareholders, said Lay's estate is still liable for damages.

http://money.cnn.com/2006/07/05/news/newsmakers/lay_death/index.htm?cnn=yes

Good news!

 

[richandfamous]

Does this mean he doesn't have to pay back the 43 million???

 

[Jules]

Does this mean he doesn't have to pay back the 43 million???

From the sounds of the article I posted, it sounds like his family and his estate will still be liable.

 

[willow]

i'm thinking KARMA.

 

[NewMom2003]

I'm with you. Can't help but wonder if anything was done to 'induce' this heart attack.

The really ironic thing is that many here (in Houston), including me, have said he will never spend a day serving his sentence. We were right. It will be interesting to see what an autopsy shows - if one is requested.

Living in Houston, we have many friends who lost everything when Enron fell apart. The whole thing makes me sick to my stomach and I'll never believe he wasn't in on it from the very beginning.

My sentiments exactly.

This seems planned to me.

 

[PaperDoll]

Ok, I'm not the brighest blub on this forum, and someone please correct me if I'm wrong on this, but I thought that business dealings are seperate from family when it comes to law suits against the business.. I'm surprised they would go after his Estate.. I would think that would be protected as well as his wife.. :waitasec:

 

[HeartofTexas]

I know Enron President Jeffrey Skilling recently said he had contemplated suicide, but somehow I doubt Lay would have committed suicide at this time. Maybe he would have closer to his October sentencing date, but I doubt he would have while vacationing in his luxurious Aspen vacation home.

 

[DEPUTYDAWG]

My first reaction was that it was suicide. It could have been stress induced, but I wonder if something wasn't given to induce a heart attack. I don't think he could go from living the high life to prison.

This was my first thought, as well. Couldn't hang with going to prison. Who knows. Wonder what Skilling's thinking about now...

 

[Jules]

Ok, I'm not the brighest blub on this forum, and someone please correct me if I'm wrong on this, but I thought that business dealings are seperate from family when it comes to law suits against the business.. I'm surprised they would go after his Estate.. I would think that would be protected as well as his wife.. :waitasec:

It's my understanding that Lay stole over 43 million from Enron for his own personal use. That money did not/does not belong to him and, therefore, he has to pay that back - by whatever means possible.

As I posted above, I was under the impression they had had to sell all real estate other than their house here in Houston. I wonder how they were able to keep the Aspen house? Maybe on top of stealing from his fellow employees, he also put holdings in other names, etc. Scum bag. :loser: I hope he rots in hell... :furious: Why they are worried about making sure he has a roof over his head when many who worked for him lost theirs, is beyond me. Sickening....

 

[GraceBlue]

Nah, he isnt dead. His buddies are hiding him so he can avoid going to jail.

Seriously though, I could care less that he is dead. He was an a$$hole who screwed a lot of people over and got away with it.

 

[Jeana (DP)]

I'd rather be in prison than where I'd guess he is right about now. His family will FOREVER be in litigation over what he did. Some of their things will be protected from judgment, but he screwd them big time too.

 

[Dark Knight]

He will receive his eternal justice now.

 

[Jules]

He also sounded arrogant, defending his extravagant lifestyle, including a $200,000 yacht for wife Linda's birthday party, despite $100 million in personal debt and saying "it was difficult to turn off that lifestyle like a spigot."

http://www.foxnews.com/story/0,2933,202143,00.html

How do you swindle $43 million and still end up with $100 million in personal debt??? Not too bright, was he? Geesh!!! I hadn't read that before... shocked me.

 

[BillyGoatGruff]

Awwwww. What a shame. I hope he didn't suffer (sarcasm).

No justice? While the rest of us were celebrating the nation's birth with fireworks displays, watermelon and relaxing family time, Lay was suffering a mass coronary. I see symbolic justice in that.

If his heirs have any conscience or decency about them they will give everything they inherit to the people who lost everything due to Lay's greed. It would only be a token amount for each, but it would be something and the heirs could relieve themselves of the "sins of the father".

His heirs aren't going to have much choice. There was a multi-million $$ judgement against him. That places them at the head of the line, before the legal heirs. The feds are going to tie his estate up until the next decade and beyond.

 

[PaperDoll]

I'm not familiar with this case, I did't read up on it but did his wife know about this? was she in on it with him?

 

[tezi]

He also sounded arrogant, defending his extravagant lifestyle, including a $200,000 yacht for wife Linda's birthday party, despite $100 million in personal debt and saying "it was difficult to turn off that lifestyle like a spigot."

http://www.foxnews.com/story/0,2933,202143,00.html

How do you swindle $43 million and still end up with $100 million in personal debt??? Not too bright, was he? Geesh!!! I hadn't read that before... shocked me.

Jules, I don't know how he did his math....But, the vacation home really has me stewing. I can't even get a frigidaire box for a vacation home of my own and this guy swindles 43 million and still has a vacation home?????

I guess he must have forgotten how thin that Rocky Mountain air is, huh?

 

[Jeana (DP)]

Jules, I don't know how he did his math....But, the vacation home really has me stewing. I can't even get a frigidaire box for a vacation home of my own and this guy swindles 43 million and still has a vacation home?????

I guess he must have forgotten how thin that Rocky Mountain air is, huh?

He wouldn't have had it for long. Probably just trying to get the last use out of it.

 

[tezi]

He wouldn't have had it for long. Probably just trying to get the last use out of it.

Well, he got his last use out of it.....

 

[deanws]

I'm with you. Can't help but wonder if anything was done to 'induce' this heart attack.

The really ironic thing is that many here (in Houston), including me, have said he will never spend a day serving his sentence. We were right. It will be interesting to see what an autopsy shows - if one is requested.

Living in Houston, we have many friends who lost everything when Enron fell apart. The whole thing makes me sick to my stomach and I'll never believe he wasn't in on it from the very beginning.

Ditto!!!!