<== World's tiniest.
Posted on 07/05/2006 10:22:12 PM PDT by Enchante
The government's forfeiture effort ahead of the planned sentencing of Mr. Lay and Mr. Skilling this fall, however, has been thrown into doubt, at least in relation to Mr. Lay's assets since the death of a criminal defendant before his sentencing and the appeal process may void the criminal case against him.
"Technically, he was found guilty, but that's extinguished as of today," said Joel M. Androphy, a prominent defense lawyer in Houston.
.....
At issue, too, are Mr. Skilling's obligations to his lawyers. Mr. Petrocelli's law firm, O'Melveny & Myers, is awaiting more than $20 million of payments from its client for work carried out since last September. "Jeff wants to pay his lawyers, to whom he owes tens of millions of dollars," Mr. Petrocelli said, "and would like to satisfy family obligations including child support."
Lawyers for Mr. Lay may also be left with unpaid invoices. Michael Ramsey, a lawyer for Mr. Lay who experienced his own heart problems during the trial, declined to comment on Wednesday, saying simply, "I am not well."
(Excerpt) Read more at nytimes.com ...
It seems to me that Lay most likely has an 'estate' that may hold his assets. Sounds funny. Sorry, it's late.
HA! HA!
It was very clever of him to die
Of course the $s may be socked away in some "little" bank in the Cayman Islands that even his wife knows nothing about (or maybe she does).
High priced lawyers could come to $1000 an hour, and he had more than one of them. 10 such people would come to $20 mil within a year.
Didn't Tom Cruz bring down a BIG law firm by proving overcharges???
He managed his death....didn't want to spend endless years in prison without his fine cigars, liquors, and unbelievable standard of living. Just wonder how he got it done./???
That's one way to stiff the lawyers.
$20 mil and,for that, he was going to jail? How much if he beat the rap?
Question: Did he have the heart attack before or after he got the bill from the bottom feeders?
Hey! Don't self-zot just yet!! The info just got hot...
I truly feel for the guy's family, but this doesn't pass the smell test. It may be shear coincidence, but it wouldn't shock me if they find him living it up in some third world nation under a fictitious name and/or with an altered look.
If he used low priced lawyers, I guess he would have run the risk of being convicted.
It may seem like a lucky coincidence for Lay, but wouldn't surprise me at all if it's on the up-and-up . . . let's face it, the guy was an extremely old man, wasn't in the greatest health, and add to that probably the severe stress he was under.
Since WHEN is 64 "an extremely old man" ?
LOL
Please. Guilt aside, can you imagine the stress the man was under for the past 5 years?
No kidding! Ouch!
It was. They interviewed a lot of different people about it on our local news today.
One former Enron employee who lost everything said Lay "got off easy." Two of his pastors said he's in a "better place" (of course) and noted that he is much better off than if he had had to live through what he was facing.
Skilling is probably jealous.
Breaking right now: Lay's funeral will be Sunday in Aspen. Reserve your jet now.
"It was very clever of him to die"
Paraphrasing John Lennon with respect to Elvis' death: Great legal move, dude.
and, ... mail fraud to get the Feds involved.
Yeah, he did in that well-known Hollywood law firm of Bendini, Lambert, and Locke.
Of course DeLorian's got him aquitted so they actually did their job.
(SNORT!) Here is a clue for Mr. Petrocelli... If you represent a low-life con-man, make sure you are paid in advance... in cash...
Lawyers for Mr. Lay may also be left with unpaid invoices. Michael Ramsey, a lawyer for Mr. Lay who experienced his own heart problems during the trial, declined to comment on Wednesday, saying simply, "I am not well."
(SNORT!) Again!!!
What he didn't have a trust for his holdings? sloppy sloppy sloppy if he didn't.
When you get to that level, if you don't have some money stashed in offshore accounts or trusts or something, you have more money than brains.
I'm interested to see how the IRS handles the death tax and lawyer fees, what with all the politically charged opinion surrounding his conviction.
CEO's command outageously out of line salaries. It only stands to reason their legal bills would command the same.
And such a good job they did, too.
"If you think talk is cheap, hire a lawyer"
Can you imagine the hundreds of people who lost all their retirement money and the stress they felt? His wealth was ill gotten and he paid the ultimate price, of course he has money stashed away that his wife will enjoy now. To bad he died before he was sentenced, who cares about his lawyers bills but you can bet they will go after his estate.
He was no innocent angel and to bad about his stress, with all the money he had he should have had high priced doctors, he could have had a bypass that would have saved his miserable life. I hate people who rip off millions from innocent people. Nothing about what he and his cronies did was to be admired, they are scum.
Look for no autopsy, a quick cremation and a small, private service.
$20 Million? That's the best deal in legal representation since David Boies made Al Gore look like a gold plated ass in front of the USSC.
<== World's tiniest.
Wonder who's fault that was?
I truly feel for the guy's family, but this doesn't pass the smell test. It may be shear coincidence, but it wouldn't shock me if they find him living it up in some third world nation under a fictitious name and/or with an altered look.
Bring out the tin hats.
Some legal guru on Fox yesterday said that technically there is no conviction until the sentence is pronounced, which won't happen now.
Mrs. Lay will definitely keep their Houston home because we are a strong homestead state and one's personal domicile can't be seized.
" == Paraphrasing John Lennon with respect to Elvis' death: Great legal move, dude. == "
Elvis earned $44 million last year....
Chill guys. I was just addressing the crazy "its awfully suspicious" argument made by some more paranoid posters of this thread......
I was just making the point that Lay's problems were of his own making.
Hmm so why did you ping me? I never said anything like that.
I didn't ping you. (See my post 18). You replied to it (nothing wrong with your reply) and I was just making clear that I wasn't sympathizing with Lay, just using common sense to counter the "its very suspicious" nonsense....
I can't even begin to predict what will happen in this case except for one thing- the lawyers will not lose any money.
You guys watch too many cheesy TV shows. He's dead, Jim.
Sneaky b@s+@rd!
"Elvis earned $44 million last year...."
Geez, did he?
I guess Lennon was right, Elvis' dying WAS a "great career move"!
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