We Reiterate Our Long Position on Ken Lay’s Life

by Johnny Debacle

We knew Ken Lay never really died and is still alive. Further confirmation from Wall St Folly via this report on the status of Ken Lay’s post-humous lawsuit:

Lay died on July 5, in Aspen, Colo., of heart disease. Although he was convicted, a final judgment wasn’t issued because he had not yet been sentenced and through the appeals process. Rather than allow an appeal to proceed without him, the court is widely expected to throw out both the verdict and indictment, leaving Lay’s record as though he were never charged.

Lay’s $5 million bond backed by his children’s homes also would be canceled at that time. With his conviction vacated, the government also will not be able to seize Lay’s property through the criminal proceedings.

So if you are convicted of the largest financial fraud in history, but die in between conviction and sentencing, the conviction will be vacated by the Gov? And your assets are now fully unemcumbered by any legal claim? So Ken Lay died at the time at which it could confer maximum possible benefit to his name and to his family? I won’t even ask what happens if he turns up on a golf course in his Tommy Bahamas shirt in 2 years because double indeminity will prevent him from being charged again, a free man with millions holed away around the world…

Recommendation: Even more Alive!

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  1. kurt
    August 11th, 2006 | 11:33 pm

    I’m no lawyer, but I don’t think double jeopardy would apply. After all, it isn’t as if he was acquitted, it’s as if he was never charged at all. If you’re never charged at all, of course you can be charged.

    I appreciate the comedy, though. 🙂

  2. August 13th, 2006 | 6:43 am

    I’m no lawyer and perhaps you are right. But given how savvy he has been posthumously, I wouldnt bet against him.