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To: NCLaw441

The problem is that there was a matter of a criminal forfeiture associated with the conviction, in the amount of $43+ million. More than a few people are unhappy about that just "going away."

Lay had lied to the court about his assets, saying he was $-250,000 in the hole. However, there was at least $6+ million in cash and other equivalents totalling $9 million just lying around. There are other assets not quite as liquid - some RE and accounts unknown offshore.

His wife is taken care of with insurance and annuities around $30 million, so no one is taking any food out of her mouth, although she thinks she's broke.

Then there is the large debt of $20+ million owed to this round of attorneys, but I believe that was accounted for before the reported brokerage account.


34 posted on 07/07/2006 6:51:46 PM PDT by Rte66
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To: Rte66

[His wife is taken care of with insurance and annuities around $30 million, so no one is taking any food out of her mouth, although she thinks she's broke.]

Mrs. Lay knows she's not broke. I remember her on TV (Diane Sawyer I think) shortly after the Enron scandal started, claiming that they had "lost everything" and had no money. It was disgusting.


36 posted on 07/07/2006 6:59:33 PM PDT by khnyny (Never in the field of human conflict was so much owed by so many to so few.- Winston Churchill)
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