Ken Lay is Dead!

the wife offed him.... for the money

______________________________________________________

Late last month, the wife of former Enron chairman Kenneth Lay tearfully told a national television audience that she and her husband were struggling to avoid personal bankruptcy following the collapse of the Houston energy-trading company. What Linda Lay failed to tell viewers of NBC's Today show, however, was that she and her husband had shifted millions in personal assets to investments that are beyond the reach of creditors or legal judgments.

In February 2000, Mother Jones has learned, the Lays paid about $4 million -- an amount greater than Lay's entire salary from Enron that year -- to buy variable annuities that will, starting in 2007, guarantee the couple an annual income of about $900,000. While stocks and most other ordinary investments are open to attack by creditors, life insurance policies and annuities are protected in many states. Variable annuities of the sort purchased by the Lays are basically tax-deferred investments wrapped in insurance policies.

Six states -- including Texas, where the Lays live -- provide the maximum degree of protection to investments in variable annuities, leaving them virtually impervious to attack by creditors.

http://www.motherjones.com/news/feature/2002/02/enron_insure.html
 
[quote name='RedvsBlue']And people say there's no such thing as karma...[/quote]Karma would have been him going to jail, even if it was a minimum security resort. Now that he died of a heart attack there's gonna be people playing the sympathetic "well, he wasn't that bad of a guy" tune.

Off-topic, my first delve into the vs. forum, and most likely my only. Go me.
 
I think we should get a pool going.

Tonight Jay Leno or Conan are going to lay down that joke.

America was shocked today when Ken Lay- the president of Enron- died of a heart attack. His family was quoted as saying, "we didn't know he had a heart."

Just wait for it.
 
[quote name='Quackzilla']potassium chloride FTW![/QUOTE]

In all seriousness, that's altogether possible. I mean there were a LOT of pissed off people at him. Its not entirely unlikely that one of them hired a hitman.
 
He's probably already laying on some South American beach sipping an Alabama Slammer.
 
[quote name='E-Z-B']He's probably already laying on some South American beach sipping an Alabama Slammer.[/QUOTE]

ohhhh yet another idea...

we watch too many movies
 
[quote name='Kayden']Tonight Jay Leno or Conan are going to lay down that joke.

America was shocked today when Ken Lay- the president of Enron- died of a heart attack. His family was quoted as saying, "we didn't know he had a heart."

Just wait for it.[/quote]

Stern might, but Leno or Conan won't touch it with a ten foot pole... yet. They have no edge, they have negative edge.

I like how his lawyer is one of the first to declare it to not be a suicide. Couldn't have anything to do with his life insurance policy, could it... ;)
 
Coroner reports take more than a day, conspiracy theorists... ;) Reporting that he had a heart attack wouldn't be a lie, even if it was self-educed.

Also, taking into consideration that there'd be nobody to cover up a suicide, as the media would be all over it like bugs on boweavels, and there's nobody in the law enforcement or medical field who would give two shits, otherwise.
 
Ken Lay is (indirectly) responsible for my high electric/gas bill. Enron as well as other power companies really fucked California.

Long story short: My PG&E bill before the energy crisis: $25 a month. My PG&E bill after the crisis: $50 a month. It has never went down since. I just pray that this summer doesn't have rolling blackouts.

Sure there were a lot of other factors involved but Enron is among the guilty parties.
 
070606borgman_600x383.jpg
 
Wayne State University law Professor Peter Henning says Lay's death will erase his criminal conviction.
...
Citing a recent appellate court decision, he wrote, "The appeal does not just disappear, and the case is not merely dismissed. Instead, everything associated with the case is extinguished, leaving the defendant as if he had never been indicted or convicted."
...
Without a conviction, the federal government won't be able to pursue criminal forfeiture action against Lay, Henning says. "Federal prosecutors were seeking $43.5 million from Lay that was traceable to his conduct. Everything coming out of the criminal conviction is a punishment, and you cannot punish a dead person."
The Securities and Exchange Commission, however, is now free to pursue its civil case against Lay, which was stayed pending the criminal case. "The SEC will seek an order of disgorgement against his estate," Henning says.
The SEC won't be able to use his conviction in his case, but "it can use the evidence from the trial including his testimony," says Henning. And, it has a lower burden of proof than the government had in its criminal case. Enron shareholders also can pursue their class-action suit against Lay's estate. His death "doesn't directly impact" civil lawsuits," Henning says.
Click to expand...

Argh, you know who's going to make money off of this Enron mess.
That's right - the damn lawyers.
 
"President George W. Bush said Thursday that Lay was "a good guy."
...
He described Lay as "a generous person"

Do I REALLY need to add any comments about the irony of those statements?
 
[quote name='DJFluke76']"President George W. Bush said Thursday that Lay was "a good guy."
...
He described Lay as "a generous person"

Do I REALLY need to add any comments about the irony of those statements?[/quote]

Maybe he was generous to Bush?
 
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