Ken Lay dies

**db44** · Jul 5th, 2006, 08:43 AM

I wonder what this means for the former Enron employees and any money that they might've been entitled to...

MetroSource:

Quote:

(Houston, TX) -- Ken Lay, the founder of the Enron Corporation, has died at the age of 64. KHOU-TV of Houston reports that Lay suffered a massive heart attack at his vacation home in Colorado. Lay was due to be sentenced in September to up to 45 years in prison on convictions of fraud and conspiracy in connection with Enron's collapse. A judge recently postponed his sentencing hearing until October. He faced another 120 years behind bars on four separate counts of bank fraud for illegally using 75-million-dollars in personal loans to buy stock.

Lay and another former Enron executive, Jeffrey Skilling, were tried earlier this year for schemes that inflated Enron's financial outlook when it was really billions of dollars in debt. Enron shareholders claim they lost 40-billion-dollars when the company collapsed. Both Lay and Skilling insisted they did nothing wrong and vowed to appeal their convictions.

Lay was born on April 15th, 1942 in Tyrone, Missouri. He received his Bachelor's and Master's in economics from the University of Missouri. He also served in the Navy and received his Doctorate of Philosophy and Economics from the University of Houston in 1970. From there, he worked with several organizations. He served as deputy undersecretary for energy with the U.S. Department of Interior. Lay was known to be a close friend of President Bush and a large contributor to his campaign. In 1984, he served as CEO of Houston Natural Gas Company. It merged with Nebraska-based InterNorth and became Enron in 1985. He served as Enron's CEO until his resignation on January 23rd, 2002, except for a brief period in 2001 when he became chairman and Jeffrey Skilling was CEO.

**Richard Tafoya** · Jul 5th, 2006, 07:29 PM

The Bush-Lay Letters.

http://www.thesmokinggun.com/archive/0708042lay1.html

Regis Philbin · Jul 5th, 2006, 07:33 PM

I see where some of the kook lefties are saying he was "murdered" by Karl Rove... *sigh*

**Richard Tafoya** · Jul 5th, 2006, 07:36 PM

Quotes? All I'm seeing is autopsy confirmation of coronary disease.

Paulie · Jul 5th, 2006, 07:37 PM

Quote:

Originally Posted by Regis Philbin

I see where some of the kook lefties are saying he was "murdered" by Karl Rove... *sigh*

Where are your world famous links and cut and paste jobs showing this??

Paulie

**DoubleEdgeSword** · Jul 6th, 2006, 06:03 AM

Here's a good one. So, he'd dead and his case was still in first appeal. His conviction will be vacated. He's now an innocent, albiet dead, man.

http://www.bloomberg.com/apps/news?p...d=asMgCYLNCfko

**db44** · Jul 6th, 2006, 06:05 AM

To be fair to Brad, even though I didn't look at the story, AOL was running a headline all day yesterday saying "What killed Ken Lay?" Left or Right, mainstream did question the reason of death.

Jul 5th, 2006, 07:33 PM	#3
Regis Philbin Registered User Join Date: Jul 2000 Location: Neither here nor there Posts: 15,288	I see where some of the kook lefties are saying he was "murdered" by Karl Rove... sigh __________________ When most Americans read the novel 1984 they were scared. When Obama read 1984, he started taking notes. --- Rush Limbaugh The problem with Socialism is that eventually you run out of other people's money. --- Margaret Thatcher

Jul 6th, 2006, 06:03 AM	#6
DoubleEdgeSword The Modulator Join Date: Feb 2002 Posts: 30,064	Here's a good one. So, he'd dead and his case was still in first appeal. His conviction will be vacated. He's now an innocent, albiet dead, man. http://www.bloomberg.com/apps/news?p...d=asMgCYLNCfko Last edited by DoubleEdgeSword; Jul 6th, 2006 at 06:07 AM.

Jul 6th, 2006, 06:05 AM	#7
db44 Shark bait, OOH-HA-HA! Join Date: Oct 2000 Location: Not in Kansas anymore!!! Posts: 20,746	To be fair to Brad, even though I didn't look at the story, AOL was running a headline all day yesterday saying "What killed Ken Lay?" Left or Right, mainstream did question the reason of death. __________________ In the end, only kindness matters.

Jul 5th, 2006, 07:29 PM	#2
Richard Tafoya Administrator Join Date: Jun 1999 Location: Los Angeles, CA USA Posts: 11,182	The Bush-Lay Letters. http://www.thesmokinggun.com/archive/0708042lay1.html

Jul 5th, 2006, 07:36 PM	#4
Richard Tafoya Administrator Join Date: Jun 1999 Location: Los Angeles, CA USA Posts: 11,182	Quotes? All I'm seeing is autopsy confirmation of coronary disease.