Wednesday, October 18, 2006

You Should've Asked To See The Body, Your Honor

Enron scandal? What Enron scandal? Nothing to see here, show's over, move along now...

Washington Post: Judge Revokes Lay's Conviction
A federal judge in Houston yesterday wiped away the fraud and conspiracy conviction of Kenneth L. Lay, the Enron Corp. founder who died of heart disease in July, bowing to decades of legal precedent but frustrating government attempts to seize nearly $44 million from his family.

The ruling worried employees and investors who lost billions of dollars when the Houston energy-trading company filed for bankruptcy protection in December 2001. It also came more than a week after Congress recessed for the November elections without acting on a last-ditch Justice Department proposal that would have changed the law to allow prosecutors to seize millions of dollars in investments and other assets that Lay controlled.

With the judge's order, Lay's conviction on 10 criminal charges will be erased from the record. "The indictment against Kenneth L. Lay is dismissed," U.S. District Judge Simeon T. Lake III wrote in a spare, 13-page order...

The 'Grandma Millies' of America take it in the ass all over again.

Even in death, Ken Lay manages to rob his victims.

0 Comments:

Post a Comment

<< Home