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Originally posted by TheBandit795
This is really fishy. Why would they say "confirmed on Monday", while he's supposed to have died today??
Originally posted by slowboat
WOW!! I think you all are on to something! Try this one on, I have thought about this for a long time....... what if.... the guy just up and died!!!!
All of you need to move out of your parents homes and get a life!!!! geeze!
With his death from a massive heart attack today, Ken Lay cheated justice. And then some. Not only will the Enron founder not end his days in prison, but according to legal precedent, his entire case will be erased from the records.
That means that, in legal terms at least, Lay was never convicted, tried or even indicted for Enron misdeeds.
For Lay's estate, and his widow Linda, the positive implication of this grim day is that the government now has no means to collect on its forfeiture claim against Lay for $43.5 million.
It's hard to believe, but the case law on this point is crystal clear, says Peter Henning, professor at Wayne State University Law School. "The idea is that you can't punish a dead person. It's not fair," says Henning. "Lay didn't get a chance to go in front of a court of appeals, which he had an absolute legal right to do."
Originally posted by FallenFromTheTree
I heard today that under current law that Lay's case will be vacated.
This article from Forbes explains it better than I can.
For Lay's estate, and his widow Linda, the positive implication of this grim day is that the government now has no means to collect on its forfeiture claim against Lay for $43.5 million.
Originally posted by Dr Love
Is there no viewing of the body by friends and relatives before he's cremated?
Peace
The sudden death yesterday of Enron Corp. founder Kenneth Lay could make him an innocent man and shield his estate from tens of millions of dollars in forfeiture claims filed by federal prosecutors, legal experts said yesterday.
Under a precedent established by the U.S. Court of Appeals for the 5th Circuit in 2004, Lay's conviction may be vacated because he did not get a chance to have the appeals court review the jury's guilty finding.
Originally posted by EricFM
The place in Aspen where Lay died, is the same place where Colin Powell was hospitalized this morning after becoming ill at the Aspen Ideas Festival.
Powell hospitalized in Aspen
..