Skip to comments.
Enron $ eludes victims: Lay’s death slows wheels of justice
Boston Herald ^
| Thursday, July 6, 2006
| Bret Arends
Posted on 07/06/2006 5:39:11 AM PDT by COUNTrecount
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-31 next last
To: COUNTrecount
This great, another bright shininy object to capture the attention of the moonbat left conspiracy nuts.
The Kos can sell stock options on Leopold's new venture.
2
posted on
07/06/2006 5:43:13 AM PDT
by
Doctor Raoul
(New York Times? Get a rope!)
To: Doctor Raoul
Yep, Cheney made sure Lay's death was faked due to Lay's knowledge about the Haliburton/Enron/Iraqi Oil/Area 51 conspiracy...
3
posted on
07/06/2006 6:01:25 AM PDT
by
in hoc signo vinces
("Houston, TX...a waiting quagmire for jihadis. American gals are worth fighting for!")
To: COUNTrecount
But if he did, lawyers observed yesterday, he could make a new defense by blaming it all on Lay . . . who, of course, is no longer around to refute the claim.Skilling could have blamed it all on Lay whether Lay was alive or not.
But Skilling's strategy has always been to lay the blame at the feet of Andrew Fastow.
Fastow was far and away the worst person in the whole Enron story - but he turned state's evidence and got a maximum of 10 years in prison. And that's a sentence he doesn't have to serve until the whole Enron investigation is over years from now and which will probably be subject to early release.
Had Lay not died yesterday, he would have died in prison, and Skilling may well die in prison himself.
The more one looks at the evidence, it seems that Fastow was the criminal mastermind who thought up the scams, Skilling was the boss who encouraged Fastow to come up with more and better scams, and Lay was the hands-off CEO who had to have known something fishy was going on but who preferred to pursue a policy of see-no-evil-hear-no-evil rather than do his fiduciary duty.
And true to form, Fastow is the one who figured out the best deal for himself.
4
posted on
07/06/2006 6:01:31 AM PDT
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: wideawake
5
posted on
07/06/2006 6:06:11 AM PDT
by
in hoc signo vinces
("Houston, TX...a waiting quagmire for jihadis. American gals are worth fighting for!")
To: in hoc signo vinces
Yep, Cheney made sure Lay's death was faked due to Lay's knowledge about the Haliburton/Enron/Iraqi Oil/Area 51 conspiracy... It'll be simpler than that: "Bush had him killed before he could start talking." It's a "Crawford-cide". ;)
6
posted on
07/06/2006 6:08:51 AM PDT
by
Mr. Jeeves
("When the government is invasive, the people are wanting." -- Tao Te Ching)
To: COUNTrecount
This is another bullsh*t article in the national press. Yes, Lay's death will delay the process and make it more difficult. However, there is such a claim as "unjust enrichment." Whoever now has control of Ken Lay's estate, got those assets because Kan Lay stole them. And his family and heirs damned well know that.
Let the games begin. And don't believe what you read in the papers.
P.S. Interested in a Freeper in Congress? Keep in touch with me.
Congressman Billybob
Latest article: "The Lesson of the African Queen"
To: wideawake
To: COUNTrecount
No. I read the book it was based on.
9
posted on
07/06/2006 6:28:29 AM PDT
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: wideawake
I am so glad you posted that about Fastow. So many people think he was a minor player in all this.
Fastow and his wife cut a deal early in the scandal. In fact it was Fastow who was the mastermind of the intricacies of the various companies. Skilling was president for only a few months and then resigned. He probably realized what a hornet's nest he had got himself into. Lay was the PR guy who was always lobbying Washington.
Andy Fastow is a real snake. He ran to the prosecutor's office first and cut an incredible deal for himself and his wife. He is still sitting on the big fortune but don't look for it in any US bank.
10
posted on
07/06/2006 6:40:21 AM PDT
by
ladyjane
To: ladyjane
One of the things that are apparent from the events is that Lay didn't even seem to know how the scams Fastow ran worked, from an accounting perspective.
And few people realize that Fastow was a debt financier for a large failed S&L before he came to Enron.
11
posted on
07/06/2006 6:43:59 AM PDT
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: ladyjane
Oh, and I thought it was interesting that Fastow initially tried to get a deal where he and his wife would serve 5 and 3 years respectively and not concurrently.
I think she refused the deal her own husband put together and went to the Feds, who gave her one year and her husband 10.
What seedy people.
12
posted on
07/06/2006 6:50:15 AM PDT
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: wideawake
Ken Lay did a wonderful job with the power brokers of D.C. and New York. He was charismatic and everybody loved him - before the scandal. He definitely did not mastermind intricate financial schemes.
I think both he and Skilling gradually began to see the house of cards and the schemes. Skilling's response was to resign, months before the collapse. Lay's response was to jump in and try to fix it.
Nobody wants to hear that though. They want blood revenge and want to think Andy was a minor playor. No way. He's the real deal.
13
posted on
07/06/2006 6:55:37 AM PDT
by
ladyjane
To: ex-Texan; COUNTrecount
But legal expert Michael Fee, a former federal prosecutor and now a partner at top Boston law firm Ropes & Gray, says the claim may now be moot.
The problem? Prosecutors would have been looking for judge Sim Lake, who presided over Lays conviction in May, to make a simple order of restitution at the sentencing hearing in October. That would have forced Lay to pay money back to victims directly.
Now, says Fee, that hearing, and that order, wont happen.
He doesnt get sentenced any more, so the order of restitution cannot be imposed, said Fee yesterday.
Other lawyers yesterday added that Lays early death would further lead to his six convictions being extinguished in the eyes of the law.
It looks like he really did cheat justice.
Someone posted a thread here last night asking how do we know Lay is really dead. That thread got kitty litter all over it.
Two questions:
1) is the death verified?
2) is this proven to be a non induced death
14
posted on
07/06/2006 7:00:14 AM PDT
by
Calpernia
(Breederville.com)
To: Calpernia
The CO coroner's office has issued a death certificate and has stated that the cause of death was a coronary caused by an arterial blockage.
Unless one is a whacked-out conspiracy theorist, that should be good enough.
15
posted on
07/06/2006 7:14:46 AM PDT
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: wideawake
Any proof it wasn't paid for?
16
posted on
07/06/2006 7:17:21 AM PDT
by
Calpernia
(Breederville.com)
To: Calpernia
What I heard last about this was the tox and tissue samples have not been analyzed yet.
Enron was a high flier in the Clinton commerce junkets, especially to India. Were Enron's financial practices to be laid side by side with the Clintons financial practices there would not be a dime worth of difference.
To: Just mythoughts
>>>>Enron was a high flier in the Clinton commerce junkets,
especially to India. THAT is exactly what is on my mind.
And, IMO, what got Danny Pearl killed.
18
posted on
07/06/2006 7:37:45 AM PDT
by
Calpernia
(Breederville.com)
To: AliVeritas
19
posted on
07/06/2006 7:44:42 AM PDT
by
Calpernia
(Breederville.com)
To: Calpernia
Any proof it wasn't paid for??????
What in tarnation are you talking about?
20
posted on
07/06/2006 7:55:04 AM PDT
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
Navigation: use the links below to view more comments.
first 1-20, 21-31 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson