[privacy] Some guys have all the luck

["Dude VanWinkle" <dudevanwinkle () gmail com>]

http://www.abc.net.au/news/newsitems/200607/s1679848.htm


Former Enron chief Ken Lay dies

Former Enron chairman and chief executive Kenneth Lay, awaiting
sentencing after being convicted of fraud and conspiracy charges, has
died, US media reports.

"Ken Lay passed away early this morning in Aspen," Lay family
spokeswoman Kelly Kimberly said in a statement.

"The Lays' have a very large family with whom they need to communicate
and out of respect for the family we will release no further details
at this time."

CNBC television said Lay died of a heart attack at a family home in
Aspen, Colorado.

Lay, 64, and former CEO Jeffrey Skilling, 52, were convicted in May of
setting up an elaborate scheme to deceive investors over Enron's
crumbling finances prior to what was then the largest corporate
bankruptcy in US history.

Sentencing for Lay and Skilling had been set for October 23 after
their conviction May 25 in a trial culminating a four-year
investigation into one of the biggest corporate scandals of recent
history.

A prominent Republican fund raiser, Lay was found guilty of six fraud
and conspiracy charges, and federal bank fraud charges in a separate
trial.

He faced a maximum of 165 years in jail.

Born April 15, 1942 to a poor Missouri family, Lay worked his way up
in the ranks of business and founded Enron in the 1980s from the
merger of two pipeline companies.

He remained chief executive, except for a brief period in 2001, and
then took back the post of CEO until the company's bankruptcy filing
later that year.

Lay developed ties with former president George Bush, played golf with
president Bill Clinton, and contributed generously to President George
W Bush's 2000 campaign, as well as his earlier campaign for Texas
governor in 1993.




----------------------------------------



The moral of this story?

Steal 20,000 dollars from a bank: go to prison for 20 years
immediately after capture

Steal 4,000,000,000 dollars with a pen: Die comfortably in your home in Aspen
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