Lay's death will erase his conviction

[jerry611]

HOUSTON — The death of Enron Corp. founder Kenneth Lay will likely cause his conviction to be erased from the record, experts said Thursday.

The 64-year-old executive's sudden death Wednesday from heart disease allows his lawyers to ask the court to vacate his conviction for fraud and conspiracy in Enron's scandal that left thousands jobless and wiped out billions from investors.

What will become of his money and assets, however, is still unclear. If his conviction is erased, that would thwart the government's effort to seize millions prosecutors say he gained from participating in Enron's fraud.

The government wants $43.5 million. Prosecutors suggested he could apply his $5 million condominium and a $6.3 million investment toward that sum. During his criminal trial earlier this year, Lay said he has little else left and still owes his lawyers.

http://www.chron.com/disp/story.mpl/ap/fn/4030136.html

[bullimiami]

1. time for a civil case against his estate.

[Erika]

2. Yes, he stole the pension plans of workers

as he bought valuable properties for his family and had month long family vacations of Europe.

He screwed the working class of America. He was one of W's biggest contributors.

[Tom Joad]

3. You'd think it be easier to get the money. Won't need a penny where he is

[Pachamama]

4. Wow! Even in Death, Ken Lay will cheat people?

Amazing....if this is true, there is no justice...

[Ino]

5. Can someone explain

why the government "wants" 43.5 million? For unpaid taxes, for his prosecution, or what? Why is the government entitled to this and what do they do with it? Why doesn't it go to the actual people he defrauded???