Enron Founder's Widow Sued by Condo

[EV_Ares]

Too bad for her, so sad.

Neighbors of Enron Founder's Widow Sue for Unpaid Condo Fees


HOUSTON (AP) -- The neighbors of the widow of Enron Corp. founder Kenneth Lay have sued her, accusing her of not paying her share of fees associated with living in one of Houston's most exclusive high-rises.

Linda Lay is already fighting an attempt by the federal government to seize nearly $13 million from Kenneth Lay's estate, including the family condominium at The Huntingdon.

The lawsuit by The Huntingdon Council of Co-Owners seeks more than $100,000 in unpaid fees from Linda Lay or foreclosure of her condo, which tax records value at about $4.75 million.

In court documents, Linda Lay's attorney, David Jones, denied all the allegations in the high-rise's lawsuit and asked that she be awarded her costs for fighting the claims.

Kenneth Lay was convicted in May 2006 of 10 counts of fraud, conspiracy and lying to banks in two separate cases, but his convictions were vacated because of his July 2006 death from heart disease.

Following his death, federal prosecutors filed a civil action against Linda Lay to seize assets they claim were "proceeds of the fraud proven in the criminal case against Lay."

Linda Lay has said her husband didn't commit any crimes and thus her assets are not subject to forfeiture.

Enron corp., once the nation's seventh-largest company, entered bankruptcy proceedings in December 2001. Its collapse wiped out thousands of jobs, more than $60 billion in market value and more than $2 billion in pension plans.

Lay and former chief executive Jeffrey Skilling were convicted for their roles in the company's collapse. Skilling is serving a sentence of more than 24 years.

http://biz.yahoo.com/ap/080315/enron_lay.html

[elizfeelinggreat]

1. boo hoo

cry me a river







(that's the nicest thing I could think to type)

[Ghost in the Machine]

2. Is she deep in denial or what?

"Linda Lay has said her husband didn't commit any crimes and thus her assets are not subject to forfeiture."

Hey Linda, why was he CONVICTED then? Just because the charges were vacated due to death does NOT mean he wasn't a criminal. Stupid, vacuous hosebag...

[smokey nj]

4. Linda Lay? That's the best porn star name since Buck Naked.

[boobooday]

3. This is why it was stupid to vacate the convictions

Because of his death. There were still victims who deserved restitution.

[SpiralHawk]

5. "This news makes me all Konservative Kompassiony. Smirk." - Kenny Boy

"So I am going to have an extra cocktail to ease the 'pain' while I kick back here in my 'suicide' (SMIRK) hidey hole, and think how nice it is to have connected republicon cronies as friends (Smirk)."

- Kenny Boy