DOJ Demands More Than $12M From Lay's Estate

Law360, New York (October 24, 2006, 12:00 AM EDT) -- The U.S. Department of Justice has sued the estate of Enron founder Ken Lay, saying it should forfeit more than $12 million in housing and investments.

The lawsuit seeks $2.5 million from the forfeiture of the high-rise condominium where Lay's widow, Linda, lives. It also demands more than $10 million from a family partnership and $22,000 from a bank account.

Lay died in July before he could appeal his conviction on six counts of conspiracy and fraud and four charges of bank fraud in the energy...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.