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Lay Dies, But Case Will Likely Go On

Law360 (July 5, 2006, 12:00 AM EDT) -- Kenneth L. Lay, the convicted founder of Enron Corp., died unexpectedly Wednesday at his home in Aspen, Colo. He was just months away from the possibility of lifelong imprisonment for his role in the energy company’s collapse.

Lay’s death adds an air of uncertainty to the remainder of the government’s case against him, particularly the effort to recover millions of dollars in personal assets that prosecutors dubbed “ill-gotten gains.”

A spokesperson for the U.S. Department of Justice said the agency did not have a comment about...
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