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  • Lay's widow says she owns assets government is trying to seize - Enron

    (4/18/07 - HOUSTON) - The widow of Enron Corp.'s founder Kenneth Lay said that she and not her husband is the owner of nearly $13 million in assets the federal government is trying to seize. The assets are the target of a civil forfeiture action against his estate by the federal government in its efforts to recover $12.7 million it claims were "proceeds of the fraud proven in the criminal case against Lay." Federal prosecutors were forced to file the civil action after Lay's convictions for his role in Enron's collapse were vacated following his death last year. In a...