Kenny boy's alma mater rebuffs return of $ for Lay's legal bills

[katty]

Monday, May 22, 2006 · Last updated 3:58 p.m. PT

more: http://seattlepi.nwsource.com/business/1310AP_Missouri_Lay_Endowment.html

Lay alma mater rebuffs endowment request

By ALAN SCHER ZAGIER
ASSOCIATED PRESS WRITER

Enron founder Kenneth Lay leaves the courthouse at the end of the second day of his banking fraud trial as the jury continues to deliberate his fate in his fraud and conspiracy trial Monday, May 22, 2006 in Houston. (AP Photo/Pat Sullivan)

COLUMBIA, Mo. -- Seven years after donating $1.1 million in Enron stock to his alma mater and with little to show for the gift, company founder Kenneth Lay asked the University of Missouri to steer the unspent money to Hurricane Katrina relief.
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The school rejected the request, according to records obtained Monday by The Associated Press. By February, a Lay attorney was asking the school to return the money so Lay could pay legal bills stemming from the fraud and conspiracy case against him. The school again turned him down.

"Though the university recognizes the importance of hurricane relief, it also believes that the chair established in your name will promote the university's mission of providing outstanding education, research and service," Chancellor Brady Deaton replied to Lay on Oct. 28, 2005, nearly two months after Lay's initial request.

[TomInTib]

1. What a skunk.

Asking for the return of a gift so he could pay legal bills for a trial about actions that bankrupted thousands of people.

[Demeter]

2. Shameless!

What world is he living in?

[JPZenger]

3. Where has he hidden his tens of millions?

Where has Lay hidden the tens of millions he defrauded from Enron? Maybe he should call up the Cayman Islands for his legal bills, instead of a university.