Enron revisited

[Guest MonkeySee]

From the Bangkok Post, the US court of appeals for the 5th circuit in New Orleans has upheld the 19 felony convictions of former Enron Corp president and chief executive Jeffrey Skilling, that stemmed from his role in the collapse of the energy trading company, Enron Corporation. Skilling and former chairman Ken Lay were convicted in May of 2006 on conspiracy and fraud charges. Ken Lay is serving a 24 year term at a minimum security prison in Colorado. Skilling must be re-sentenced, but that is largely a technicality. Prior to Enron’s bankruptcy in December of 2001, the corporation was the seventh largest corporation in the US.

[Guest fountainhall]

Ken Lay is serving a 24 year term at a minimum security prison in Colorado.

 

So resurrection is fact. Glory! Hallelujah! Ken Lay died in July 2006 on a skiing holiday before getting anywhere near jail

 

So much for the accuracy of Bankok Post reporting.

[Guest lvdkeyes]

So resurrection is fact. Glory! Hallelujah! Ken Lay died in July 2006 on a skiing holiday before getting anywhere near jail

 

So much for the accuracy of Bankok Post reporting.

It just goes to prove you can't believe everything you read in the newspapers.

[Guest MonkeySee]

It just goes to prove you can't believe everything you read in the newspapers.

But, but, but, it is in writing. It MUST be true. Surely, the Bangkok Post would not lie?? Oh well, this is Thailand.

[KhorTose]

So resurrection is fact. Glory! Hallelujah! Ken Lay died in July 2006 on a skiing holiday before getting anywhere near jail

 

So much for the accuracy of Bankok Post reporting.

 

Not only did he not go to jail, but because he died before his appeal his conviction was vacated and the government cannot touch his estate. His estate can be sued, but only for compensary damages not punitive.

 

http://en.wikipedia.org/wiki/Kenneth_Lay

 

In other words this scum bag crook who did much to elect President Bush did manage to take it with him.

 

[Guest MonkeySee]

In other words this scum bag crook who did much to elect President Bush did manage to take it with him.

Like Madoff, he screwed many hard working families out of their life savings. Lay was not able to take it with him, but preserved his money for his family. He is another slimeball.

 

[Guest shebavon]

Compared to what we have been seeing in the last year of the Bush regime, Enron will be remembered as but a footnote.

 

Bear Stearns, the 700 billion rescue, Lehman Bros, AIG, and Maddoff. Now that's real money.

 

I too thought Enron was big.

 

Unfortunately, Bush and his friends get to keep all their winnings (thefts).

[Gaybutton]

Considering how his name is pronounced, apparently Madoff 'made off' with more money than even Thaksin can dream about. I hope the courts are able to seize it all. That would be enough to finance the war in Iraq for at least two or three hours.

[Guest MonkeySee]

Considering how his name is pronounced, apparently Madoff 'made off' with more money than even Thaksin can dream about. I hope the courts are able to seize it all. That would be enough to finance the war in Iraq for at least two or three hours.

The way I understand it, if you were one of the lucky ones that invested early and received the good returns and then gotten out, the government can and will come back to you and seize those interest payments.

[Guest shebavon]

The way I understand it, if you were one of the lucky ones that invested early and received the good returns and then gotten out, the government can and will come back to you and seize those interest payments.

That depends on how they frame the withdrawal. If they claim it was for a wedding or to be for the kids schooling, they are likely to keep it.