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Ken Lay Died

post #1 of 26
7/5/06 at 7:26am
Thread Starter 
http://money.cnn.com/2006/07/05/news...ex.htm?cnn=yes

Can you say KARMA?

I know that's horrible to say about anyone's death, but that was honestly my first reaction. I do feel for his family, losing a loved one is never easy and they didn't rob thousands of their livelihood and retirement. But I have little sympathy for him.

The only other thought I have, though, is whether or not this is an escape from justice, or is this cosmic justice?
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post #2 of 26
7/5/06 at 7:31am
I think it's a darned shame that he didn't serve any time. All those poor families whose lives he ruined - if there's an afterlife, I hope he suffers!!!
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post #3 of 26
7/5/06 at 7:44am
I wouldn't worry about it. He's been rightfully judged...I'll be praying for him and his family.
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post #4 of 26
7/5/06 at 8:08am
The very first thought that entered my head when I read that was.... is it possible for someone to drug themself into having a heart attack? I guess all the stress he has been under could have led up to it... but I find it very hard to believe that only 2 months before being sentenced, to what would in all likelihood be the rest of his life in prison, he dies.
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post #5 of 26
7/5/06 at 9:26am
My first thought when I was watching CNN the newswoman just said "Kenneth Lay has died" and they didn't know what caused it. I went to work thinking he had probably committed suicide. You can very easily drug yourself into having a heart attack, and with things that dissipate so quickly they won't show up on a tox screen. Also, cardiac arrest is what they call it when you die and they don't know why, since the cause of death is that your heart stopped, but what caused your heart to stop is actually what killed you. Or he just really did have a heart attack.

My condolences to his family.

What I want to know is why he wasn't in jail while he was awaiting sentencing like all the other criminals. If he had been convicted of murder, he wouldn't have been at home awaiting sentencing. If I was one of the employees who had lost everything because of his greed I would feel cheated. I hope his afterlife consists of worrying about not having enough money to feed his children. Forever.
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post #6 of 26
7/5/06 at 9:47am
Stress has a way of playing havic on ones body. But that's a terrible way to to not to have to serve time, he wasn't that old.
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post #7 of 26
7/5/06 at 9:58am
Quote:
Originally Posted by halfpint
Stress has a way of playing havic on ones body. But that's a terrible way to to not to have to serve time, he wasn't that old.

But he was on vacation with his wife??

And I ask the same question someone else did, how is it that the rich don't have to sit and jail and await sentencing like the rest of the US?


I guess money can buy you anything.
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post #8 of 26
7/5/06 at 10:08am
Thread Starter 
Seriously, how many people who would likely receive a life sentence get to vacation out of state in a posh resort prior to the actual sentencing? When I heard he died in Aspen, I just had to roll my eyes. I guess that's not considered skipping bail if you're rich enough.
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post #9 of 26
7/5/06 at 10:09am
Quote:
Originally Posted by valanhb
http://money.cnn.com/2006/07/05/news...ex.htm?cnn=yes

Can you say KARMA?

I know that's horrible to say about anyone's death, but that was honestly my first reaction. I do feel for his family, losing a loved one is never easy and they didn't rob thousands of their livelihood and retirement. But I have little sympathy for him.

The only other thought I have, though, is whether or not this is an escape from justice, or is this cosmic justice?
Man, I thought the same thing when I saw that.
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post #10 of 26
7/5/06 at 10:14am
Quote:
Originally Posted by ButterflyDream
But he was on vacation with his wife??

And I ask the same question someone else did, how is it that the rich don't have to sit and jail and await sentencing like the rest of the US?


I guess money can buy you anything.
And you don't care alot when it's someone else's money right? It all isn't fair is it
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post #11 of 26
7/5/06 at 10:34am
Well, I would have rather him atleast spend some time in prison. Hell yea money can buy you anything, thats why I'm gearing for the gold!! Hehe. I bet he faked it. He's somewhere on the Lost Islands living it up!
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post #12 of 26
7/5/06 at 11:17am
Quote:
Originally Posted by halfpint
And you don't care alot when it's someone else's money right? It all isn't fair is it

Good point! I just it's preposterious and all the people they stole money from and now the Enron people are claiming they have no money, yet they can post 5 million dollars bail.
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post #13 of 26
7/5/06 at 11:31am
It's really pretty sad that we sit around and talk about him, but I'm sure they all ( that made money) sat and talked about all there doings..
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post #14 of 26
7/5/06 at 12:07pm
He just saved us a lot of money. Now his money can be used for settlements and the State no longer had to endure endless appeals.
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post #15 of 26
7/5/06 at 1:23pm
Thread Starter 
The guy's a theif in a nice suit. I heard on the news at lunch that the government said that they were going to attempt to collect as much as $100 million from Lay and Skilling as reparations to the Enron employees. Lay told them that he was $250,000 in debt with no other cash assets. WRONG! They found one account that he was hiding with $6 million in it. They are still going to be looking for other hidden accounts.

And I have to add - if he owns property and a home in Aspen, Colorado that is worth at least another couple million, too... I guess we'll see how honest his family is, or if they are greedy like him.
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post #16 of 26
7/5/06 at 1:26pm
It's a shame that there have to be people like this in the world. If people would just be honest and kind to one another, there wouldn't be as many problems in the world that there is...but alas, that'll never happen.
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post #17 of 26
7/5/06 at 4:06pm
My first reaction was "was it murder, or did he kill himself?" I feel for his family. Regardless of what he did or did not do, may he rest in peace.
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post #18 of 26
7/6/06 at 10:28am
http://www.news4jax.com/money/9476880/detail.html

His coronary arteries were blocked and there was evidence of a previous heart attack. I guess my initial thoughts were wrong
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post #19 of 26
7/6/06 at 5:14pm
I heard today that the entire set of charges will be vacated (i.e. it is as though he was never tried) because he died before sentencing and the process was not complete. I guess this is under Texas case law. This means that officially, he was never convicted of a crime and it means that all of the civil suits against him can't use the jury conviction. They will probably settle for less than if he lived to go to prison.
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post #20 of 26
7/6/06 at 5:38pm
Quote:
Originally Posted by katachtig
I heard today that the entire set of charges will be vacated (i.e. it is as though he was never tried) because he died before sentencing and the process was not complete. I guess this is under Texas case law. This means that officially, he was never convicted of a crime and it means that all of the civil suits against him can't use the jury conviction. They will probably settle for less than if he lived to go to prison.
exactly...Texas law...
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post #21 of 26
7/6/06 at 9:09pm
I heard that too. That his family now gets to keep all his stolen money.

If I was in that family I wouldn't take a penny of that money. I wouldn't be able to move from the guilt.
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post #22 of 26
7/7/06 at 4:49am
Quote:
Originally Posted by Zissou'sMom
I heard that too. That his family now gets to keep all his stolen money.

If I was in that family I wouldn't take a penny of that money. I wouldn't be able to move from the guilt.
The thing with that is Mrs. Lay stood right by her husband through this whole ordeal...she really thought he was innocent...well that's what she lead us to believe...so I doubt she will give up any money.
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post #23 of 26
7/7/06 at 9:33am
It's going to the Supreme Court, where they'll have to overturn hundreds of years of tradition and law that you cannot punish the estate of a deceased person for crimes committed by him. So basically they'll never get the money unless they rule for this (which seems unlikey) or the family gives it up (even unlikelier). I hope his family didn't get so greedy that they killed him to keep the 40+ million. It sure doesn't seem impossible.

Maybe his wife knew he was guilty but didn't think there was anything wrong or unethical about what he did.
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post #24 of 26
7/7/06 at 1:49pm
I thought it is the duty for one spouse to stand by another spouse when they are being tried.....as long as the spouse is not being abusive.

Besides, for her to admit he is wrong is as good as she giving away his money by providing a basis for the civil suits. Since his money is her money it would not be her best interests to do so.
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post #25 of 26
7/7/06 at 6:30pm
My first thought was well he got what he deserved but she should have had to experience prison 1st. I hope his estate give money to the people that lost their savings buying worthless Enron stock. (BTW he died in Aspen???-not exactly a poor community)
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post #26 of 26
10/18/06 at 6:45am
This is an old thread, but a judge just ruled that Kenneth Lay's charges are vacated and his record is now clean. This makes it very hard for them to go after the money in his estate...

http://www.firstcoastnews.com/money/...?storyid=67285
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