Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Ex-Enron Chief Not Guilty, Widow Says

Feds want $13M from his estate, but must re-prove crimes

By Zach Samalin,  Newser Staff

Posted Nov 30, 2007 9:33 PM CST

(Newser) – Ex-Enron chief Ken Lay is innocent, and the feds shouldn't drain $13 million from his estate in a civil suit—at least not according to his widow. Linda Lay's filing today denies "any criminal activity on the part of Kenneth L. Lay, including his alleged participation in securities fraud, wire fraud, conspiracy or money laundering," the Houston Chronicle reports.

Prosecutors have their eyes on the Lays' $6 million condo, which they say he paid for illegally. But because Lay died, and his record was erased, the feds must re-prove all fraud and conspiracy counts against him linked to the Enron scandal. No date is set for the trial, which Linda Lay tried and failed to have dismissed about two weeks ago.

Kenneth Lay pictured with widow, Linda, before taking the stand.
Kenneth Lay pictured with widow, Linda, before taking the stand.   (Getty Images)
Enron Founder Kenneth Lay, seen here with widow Linda, died about six weeks after he was convicted of multiple counts of fraud and conspiracy.
Enron Founder Kenneth Lay, seen here with widow Linda, died about six weeks after he was convicted of multiple counts of fraud and conspiracy.   (Getty Images)
Ken Lay seen here with widow Linda, begins a trial for bank fraud in this file photo.
Ken Lay seen here with widow Linda, begins a trial for bank fraud in this file photo.   (Getty Images)
Kenneth L. Lay, chairman of the Enron Corporation, is shown in this June 2001 file photo.
Kenneth L. Lay, chairman of the Enron Corporation, is shown in this June 2001 file photo.   (KRT Photos)
Kenneth Lay is seen in this file photo.
Kenneth Lay is seen in this file photo.   (Getty Images)
Former Enron CEO Kenneth Lay during his indictment, seen in this file photo.
Former Enron CEO Kenneth Lay during his indictment, seen in this file photo.   (Getty Images)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Enron Whistleblower Finally Gets His Sweet Reward

Son of Former Enron CEO Found Dead

High Court Strikes Part of Sarbanes-Oxley

Posse Helped Tiger Woods Sneak Around

Supreme Court to Hear Enron CEO's Appeal


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne