U.S. can seek Ken Lay estate assets, judge rules

Source: Houston Chronicle

A judge rejected on Wednesday a request from the widow of former Enron Chairman Ken Lay to throw out the government's bid to seize nearly $13 million from his estate, including the upscale condominium they shared.

U.S. District Judge Ewing Werlein's ruling allows the government to move ahead with its effort to recover the gains, which it contends are ill-gotten .

The judge wrote that prosecutors had provided "ample allegations" of criminal activity by Lay and others to pursue its case.

Samuel Buffone, a Washington attorney who represents Linda Lay, the executrix of her husband's estate, said that she intends to fight.

Read more: http://www.chron.com/disp/story.mpl/chronicle/5302617.html

I'm so very pleased by this decision.

my bet was on Paraguay as well...

but when it comes to Ken Lay I'm with you.
patty lame54's wife

I wouldn't put anything pass these thugs in the WH that Mr. Lay is sitting somewhere sipping cocktails and playing golf.

that federal prison was Ken Lay's immediate future - and the bastard probably knew it.

:evilfrown:

Did you see the body? Did anyone see the body?

:eyes:

reporting to prison. Wasn't he already sentenced?

because he had not yet been sentenced at the time of his (supposed)death, his conviction is tossed out as if it never happened.

oops, wrong Lay

Such a waste.

$13 million...that's it?

where's the rest? :shrug:



oh, yeah...paraguay.

I have to go to bed early and the absolute horror of this will force me to cry myself to sleep. Shoot a monkey.

HAAAAH HA snort (gulping breath) HAAAAHH HA HA HAAAAAAAH................


somewhere on a lonely island Kenny-Boy is rolling over in his 'grave'.

Source: Houston Chronicle/Associated Press

Nov. 15, 2007, 3:42AM
Ruling: Government can seek Lay money
© 2007 The Associated Press

HOUSTON — A judge says the federal government can proceed with its attempt to seize nearly $13 million from the estate of former Enron Corp. founder Kenneth Lay.

U.S. District Judge Ewing Werlein rejected a request from Lay's widow to halt the government's bid for the money, which prosecutors claim were "proceeds of the fraud proven in the criminal case against Lay."

Kenneth Lay had been convicted in May 2006 of 10 counts of fraud, conspiracy and lying to banks in two separate cases. A judge ruled last fall that Lay's death of heart disease in July 2006 vacated his convictions because Lay couldn't challenge them.

But Werlein wrote in his ruling Wednesday that prosecutors had "ample allegations" of criminal activity tied to the cash and property to pursue their civil forfeiture case.

Linda Lay, wife of the former Enron head, will continue to fight the attempts to seize the assets, which include the family condominium valued at $6 million, said Samuel Buffone, her attorney.



Read more: http://www.chron.com/disp/story.mpl/ap/nation/5303550.html

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http://www.biginsiders.org.nyud.net:8090/images/mn_enronlaycuffed02.jpg

The wheels of justice must have gotten a shot of WD-40.

The ruling that allowed his estate to keep the money he stole
was a goddamn TRAVESTY in the first place.

I mean, er, this is horrible! The poor widow being plundered by a rapacious, faceless, unaccountable entity that cares only about extracting every last dollar it can from her.

It must feel just terrible, huh Linda?

Enron's collapse wiped out thousands of jobs, more than $60 billion in market value and more than $2 billion in pension plans.

It's time for you to quit being so selfish, you pampered trophey wife twit.

.....old Kenny Boy is going to have to formulate a new plan, wherever hes hiding....