Ken Lay's Final Loophole

Nize Notes ^

[toaster]

...because Ken Lay's case may still have been appealed, Lay's death expunges the conviction from his record.

This means that any orders to vacate his wealth are annulled, and his family gets to keep millions of dollars that they likely would have lost had he gone to jail.

[shalom aleichem]

No, Lay's layers have a valid claim against Lay's estate, as do any of the people he supposedly defrauded (assuming they filed or will file within the statute of limitations). His widow will have to hunker down with a lawfirm and defend all the junk. His lawyers may end up with most if not all of his money. Litigation could burn it up so creditors never get a dime.

[shalom aleichem]

"Lawyers" not "Layers" (freudian slip)

[libstripper]

Kenny Boy took the Cardinal Wolsey gambit.

[ladyjane]

Not sure about that. Jeff Skilling married his executive assistant after the scandal broke.

[goldstategop]

Uh huh. And there's no way to determine which of the gains passed on his heirs are stolen. In the eyes of the law, his heirs get their proceeds and I doubt creditors have a leg to stand on. I'm sure Lay took great care for this kind of contingency. Its a dry hole as far as those seeking restitution are concerned.

(The Palestinian terrorist regime is the crisis and Israel's fist is the answer.)

[stuartcr]

If, in all things, God is in control, why did so many people have to lose their savings?

[goldstategop]

That's a possible outcome. A bankrupt estate is worthless. I have a feeling the only winners will be the lawyers.

(The Palestinian terrorist regime is the crisis and Israel's fist is the answer.)

[goldstategop]

Greed. Human nature - in all fairness back in the day every one thought Enron was hot property and made a killing off it. When it went under, they took a financial bath. All of which is a reminder, as is Lay's death, that there are no guarantees in life.

(The Palestinian terrorist regime is the crisis and Israel's fist is the answer.)

[MAWG]

You people are really something. You've been watching too much mainstream media. The trial here in Houston was a f***ing joke and the sentence would likely have been overturned on appeal. Ken Lay was not the villain the msm has portrayed him to be. Jeff Skilling is another story.

But hey maybe it's not too late. If you hurry to Aspen you might get a chance to kick his corpse or even go through his pockets and look for spare change. You make me sick.

[Cyclone59]

My personal opinion would be that his entire estate go attempt to replenish the thousands of pensions that he ruined. If a CEO is responsible to his/her shareholders then this would be just punishment.
I heard someone say yesterday, "if God build us mansions, he's putting the finishing touches on Kens studio appartment" I think it was on the Glen Beck show, but not sure.

[subterfuge]

If, in all things, God is in control, why did so many people have to lose their savings?

Because in the grand scheme of things, people's "savings" are unimportant to God. Do you think its His purpose to rub your feet at night and make sure you are warm and comfy? Stupid tag line you have also, imo.

[Wolfie]

Whoo hoo! I love it when a crook at this level gets off the hook. Now, if he'd been some "urban youth" robbing $50 from a liquor store, I wouldn't be so happy.

[Hildy]

Well that's interesting...maybe they should look at drugs that mimic heart attacks.

[Hildy]

WAIT ONE SECOND...if you steal all my Jewelry from me, give it to your wife...and then you die...does that mean she gets to keep my jewelry?

[stuartcr]

It's always good to hear from someone that knows what's important to God.

Gee, I guess I better find a new tagline, but then God must have wanted you to read it....or it wouldn't be there.

[dogbyte12]

I disagree in a sense. If a bank robber dies, the bank should get the money, not the spouse, even if it isn't her fault.

If money was gained fraudulently, I look at it, as the heir should not be rewarded, since the money shouldn't have been there.

It gets gray when it comes to civil damages, but all the money Ken Lay got, by pumping and dumping was illegal. It doesn't belong to his wife.

[goldstategop]

You're talking about an asset that has the fingerprints of the crime all over it. In answer to your question, of course not! But what if its not possible to determine that with any degree of certainty? That's where I think the prospects of making the victims whole is rather limited.

(The Palestinian terrorist regime is the crisis and Israel's fist is the answer.)

[madison10]

I just about busted a gut, laughing at the libs on the local talk radio, bitching about Lay's death and how it just wasn't fair!!

Apparently the Death Angel has a sense of humor.

[38special]

Well they always said, "You can't take it with you".

[MineralMan]

"If, in all things, God is in control, why did so many people have to lose their savings?"

I think you're not allowed to ask such questions. It's all part of God's plan, or so the story goes whenever such questions come up.

Seems a flawed plan to me, but what do I know?