Enron founder Kenneth Lay dies at 64! - GoFuckYourself.com

Wizzo · 07-05-2006, 08:35 AM

Sometimes the bad guys do win I guess...

HOUSTON - Enron Corp. founder Kenneth Lay, who was convicted of helping perpetuate one of the most sprawling business frauds in U.S. history, died Wednesday of a heart attack in Colorado. He was 64.

The Pitkin, Colo., Sheriff's Department said officers were called to Lay's house in Old Snowmass, Colo., shortly after 1 a.m. Mountain time. He was taken to Aspen Valley Hospital, where he was pronounced dead at 3:11 a.m. Lay, who lived in Houston, frequently vacationed in Colorado.

Family spokeswoman Kelly L. Kimberly issued a statement saying, "Ken Lay passed away early this morning in Aspen. The Lays have a very large family with whom they need to communicate. And out of respect for the family, we will release further details at a later time."

Pastor Steve Wende of First United Methodist Church of Houston, said in a statement that church member Lay died unexpectedly of a "massive coronary."

Wende said Lay and his wife, Linda, were in Colorado for the week "and his death was totally unexpected. Apparently, his heart simply gave out."

Lay was scheduled to be sentenced Oct. 23. He faced decades in prison.

Lay led Enron's meteoric rise from a staid natural gas pipeline company formed by a 1985 merger to an energy and trading conglomerate that reached No. 7 on the Fortune 500 in 2000 and claimed $101 billion in annual revenues. He traveled in the highest business and political circles.

For many years, his corporation was the single biggest contributor to President Bush, who nicknamed him "Kenny Boy."

Lay was convicted May 25 along with former Enron CEO Jeffrey Skilling of defrauding investors and employees by repeatedly lying about Enron's financial strength in the months before the company plummeted into bankruptcy protection in December 2001. Lay was also convicted in a separate non-jury trial of bank fraud and making false statements to banks, charges related to his personal finances.

Skilling, reached by telephone at his home in Houston, told The Associated Press that he was aware of Lay's death, but declined further comment.

Prosecutors in Lay's trial declined comment Wednesday, both on his unexpected death and what may become of the government's effort to seek a $43.5 million judgment from Lay that they say he pocketed as part of the conspiracy.

Burt Palmer, the church's executive pastor, told The Associated Press that the Lays attended church in Houston on Sunday. "The church continues to love them and help them walk through this difficult time."

Pat Worcester, executive assistant to CEO at Aspen Valley Hospital, said Lay was admitted into the emergency room at 3:10 a.m. Wednesday. She said the hospital would release a statement later.

Lay had built Enron into a high-profile, widely admired company, the seventh-largest publicly traded in the country. But Enron collapsed after it was revealed the company's finances were based on a web of fraudulent partnerships and schemes, not the profits that it reported to investors and the public.

When Lay and Skilling went on trial in U.S. District Court Jan. 30, it had been expected that Lay, who enjoyed great popularity throughout Houston as chairman of the energy company, might be able to charm the jury. But during his testimony, Lay ended up coming across as irritable and combative.

He also sounded arrogant, defending his extravagant lifestyle, including a $200,000 yacht for wife Linda's birthday party, despite $100 million in personal debt and saying "it was difficult to turn off that lifestyle like a spigot."

Both he and Skilling maintained that there had been no wrongdoing at Enron, and that the company had been brought down by negative publicity that undermined investors' confidence.

His defense didn't help his case with jurors.

"I wanted very badly to believe what they were saying," juror Wendy Vaughan said after the verdicts were announced. "There were places in the testimony I felt their character was questionable."

Lay was born in Tyrone, Mo. and spent his childhood helping his family make ends meet. His father ran a general store and sold stoves until he became a minister. Lay delivered newspapers and mowed lawns to pitch in. He attended the University of Missouri, found his calling in economics, and went to work at Exxon Mobil Corp. predecessor Humble Oil & Refining upon graduation.

He joined the Navy, served his time at the Pentagon, and then served as undersecretary for the Department of the Interior before he returned to business. He became an executive at Florida Gas, then Transco Energy in Houston, and later became CEO of Houston Natural Gas. In 1985, HNG merged with InterNorth in Omaha, Neb. to form Enron, and Lay became chairman and CEO of the combined company the next year.

kristin · 07-05-2006, 09:13 AM

Wow ...

Hrm, too bad he's gonna have to buy a discounted casket now!

ed146 · 07-05-2006, 09:14 AM

Hope gov liquidates his asset and distribute among people who lost their lifes saving

ucv.karl · 07-05-2006, 10:07 AM

Quote:

Originally Posted by Wizzo

Lay was convicted May 25 along with former Enron CEO Jeffrey Skilling of defrauding investors and employees by repeatedly lying about Enron's financial strength in the months before the company plummeted into bankruptcy protection in December 2001. Lay was also convicted in a separate non-jury trial of bank fraud and making false statements to banks, charges related to his personal finances.

Props to the Grim Reaper. He should get holiday pay for that job

JOHNNY_BUTTHOLES · 07-05-2006, 10:08 AM

that motherfucker was WHACKED. heart attack my fucking ass.

pocketkangaroo · 07-05-2006, 10:09 AM

Ain't Karma great...

Mr. Romance · 07-05-2006, 10:10 AM

good ending for him.....

Mr. Romance

media · 07-05-2006, 10:12 AM

Quote:

Originally Posted by ed146

Hope gov liquidates his asset and distribute among people who lost their lifes saving

LOL.. what assets? He was pretty broke I do believe according to what he had possession of in his name... whatever he had that was hidden is prolly chalked up as found money for whoever knows about where the money is...

The government won't be selling shit...

Zarathustra · 07-05-2006, 10:14 AM

Poor guy, he had a horrible ending to his last days on earth, not a way you would want to go out in your final days.

Matt 26z · 07-05-2006, 10:25 AM

Now the Bush family doesn't have to worry about pardoning him on the final day of the presidency. Just the media stories alone about the possibility of that would have been very negative... Not a good thing if Jeb decides to run.

Put one and one together.

JFK · 07-05-2006, 10:29 AM

Quote:

Originally Posted by ed146

Hope gov liquidates his asset and distribute among people who lost their lifes saving

by the time the GOV gets tru with it, there wont be anything to give to those who need it the most

Drake · 07-05-2006, 10:31 AM

All the stress of facing jail time took its toll

OG LennyT · 07-05-2006, 10:33 AM

Quote:

Originally Posted by pocketkangaroo

Ain't Karma great...

exactly right... good riddance

Spunky · 07-05-2006, 10:34 AM

He was going to spend the rest of his life in jail too..ironic

Spunky · 07-05-2006, 10:34 AM

He was going to spend the rest of his life in jail too..ironic

bdld · 07-05-2006, 10:35 AM

he got plastic surgery and is living in argentina

Pornwolf · 07-05-2006, 10:35 AM

That probably worked out better for him. He would have died in jail shortly after going through the whole embarrasing imprisonment process. It's better that he died at his vacation home before going to jail.

ridikuloz · 07-05-2006, 10:38 AM

he probably jut OD'd on drugs in suicide.

JOHNNY_BUTTHOLES · 07-05-2006, 10:48 AM

Quote:

Originally Posted by ridikuloz

he probably jut OD'd on drugs in suicide.

you can induce a heart attack through a poisoning, and you can bleach the medical report when the doctors are agents of your organization. but of course, that's never happened. especially when said individual might have been cutting a deal to squeal on some high-ranking officials.

uno · 07-05-2006, 10:50 AM

Quote:

Originally Posted by Pornwolf

That probably worked out better for him. He would have died in jail shortly after going through the whole embarrasing imprisonment process. It's better that he died at his vacation home before going to jail.

I'd prefer him spending some time in jail first.

Barefootsies · 07-05-2006, 10:51 AM

Quote:

Originally Posted by ucv.karl

Props to the Grim Reaper. He should get holiday pay for that job

True dat.

07-05-2006, 08:35 AM	#1
Wizzo 2011 GFY Hall of Fame! Industry Role: Join Date: Nov 2000 Location: Back in Texas! Posts: 15,224	Enron founder Kenneth Lay dies at 64! Sometimes the bad guys do win I guess... HOUSTON - Enron Corp. founder Kenneth Lay, who was convicted of helping perpetuate one of the most sprawling business frauds in U.S. history, died Wednesday of a heart attack in Colorado. He was 64. The Pitkin, Colo., Sheriff's Department said officers were called to Lay's house in Old Snowmass, Colo., shortly after 1 a.m. Mountain time. He was taken to Aspen Valley Hospital, where he was pronounced dead at 3:11 a.m. Lay, who lived in Houston, frequently vacationed in Colorado. Family spokeswoman Kelly L. Kimberly issued a statement saying, "Ken Lay passed away early this morning in Aspen. The Lays have a very large family with whom they need to communicate. And out of respect for the family, we will release further details at a later time." Pastor Steve Wende of First United Methodist Church of Houston, said in a statement that church member Lay died unexpectedly of a "massive coronary." Wende said Lay and his wife, Linda, were in Colorado for the week "and his death was totally unexpected. Apparently, his heart simply gave out." Lay was scheduled to be sentenced Oct. 23. He faced decades in prison. Lay led Enron's meteoric rise from a staid natural gas pipeline company formed by a 1985 merger to an energy and trading conglomerate that reached No. 7 on the Fortune 500 in 2000 and claimed $101 billion in annual revenues. He traveled in the highest business and political circles. For many years, his corporation was the single biggest contributor to President Bush, who nicknamed him "Kenny Boy." Lay was convicted May 25 along with former Enron CEO Jeffrey Skilling of defrauding investors and employees by repeatedly lying about Enron's financial strength in the months before the company plummeted into bankruptcy protection in December 2001. Lay was also convicted in a separate non-jury trial of bank fraud and making false statements to banks, charges related to his personal finances. Skilling, reached by telephone at his home in Houston, told The Associated Press that he was aware of Lay's death, but declined further comment. Prosecutors in Lay's trial declined comment Wednesday, both on his unexpected death and what may become of the government's effort to seek a $43.5 million judgment from Lay that they say he pocketed as part of the conspiracy. Burt Palmer, the church's executive pastor, told The Associated Press that the Lays attended church in Houston on Sunday. "The church continues to love them and help them walk through this difficult time." Pat Worcester, executive assistant to CEO at Aspen Valley Hospital, said Lay was admitted into the emergency room at 3:10 a.m. Wednesday. She said the hospital would release a statement later. Lay had built Enron into a high-profile, widely admired company, the seventh-largest publicly traded in the country. But Enron collapsed after it was revealed the company's finances were based on a web of fraudulent partnerships and schemes, not the profits that it reported to investors and the public. When Lay and Skilling went on trial in U.S. District Court Jan. 30, it had been expected that Lay, who enjoyed great popularity throughout Houston as chairman of the energy company, might be able to charm the jury. But during his testimony, Lay ended up coming across as irritable and combative. He also sounded arrogant, defending his extravagant lifestyle, including a $200,000 yacht for wife Linda's birthday party, despite $100 million in personal debt and saying "it was difficult to turn off that lifestyle like a spigot." Both he and Skilling maintained that there had been no wrongdoing at Enron, and that the company had been brought down by negative publicity that undermined investors' confidence. His defense didn't help his case with jurors. "I wanted very badly to believe what they were saying," juror Wendy Vaughan said after the verdicts were announced. "There were places in the testimony I felt their character was questionable." Lay was born in Tyrone, Mo. and spent his childhood helping his family make ends meet. His father ran a general store and sold stoves until he became a minister. Lay delivered newspapers and mowed lawns to pitch in. He attended the University of Missouri, found his calling in economics, and went to work at Exxon Mobil Corp. predecessor Humble Oil & Refining upon graduation. He joined the Navy, served his time at the Pentagon, and then served as undersecretary for the Department of the Interior before he returned to business. He became an executive at Florida Gas, then Transco Energy in Houston, and later became CEO of Houston Natural Gas. In 1985, HNG merged with InterNorth in Omaha, Neb. to form Enron, and Lay became chairman and CEO of the combined company the next year. __________________ Looking for Opportunity!

07-05-2006, 09:13 AM	#2
kristin GOO! Industry Role: Join Date: Sep 2002 Location: Back Home : ) Posts: 9,768	Wow ... Hrm, too bad he's gonna have to buy a discounted casket now! __________________ Vacares rules. "Usually only fat guys have the kind of knowledge and ability that Kristin has."

07-05-2006, 09:14 AM	#3
ed146 Confirmed User Join Date: May 2005 Posts: 283	Hope gov liquidates his asset and distribute among people who lost their lifes saving __________________ I get 1:105 conversion with Realitycash.com Reliable $40 PPS program

07-05-2006, 10:08 AM	#5
JOHNNY_BUTTHOLES Confirmed User Join Date: Jun 2006 Posts: 146	that motherfucker was WHACKED. heart attack my fucking ass. __________________

07-05-2006, 10:10 AM	#7
Mr. Romance The Face of Romance and the Symbol of Freedom Join Date: Mar 2005 Location: The America's Posts: 7,821	good ending for him..... Mr. Romance __________________ Free Leads Program now paying up to $6 Gerard-Director of Global Sales Sign up Here: CamStarCash Check out: FreeCamStars ICQ: 330 662 299 gerard at freecamstars . com

07-05-2006, 10:09 AM	#6
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	Ain't Karma great...

07-05-2006, 10:14 AM	#9
Zarathustra Confirmed User Join Date: Oct 2005 Posts: 1,094	Poor guy, he had a horrible ending to his last days on earth, not a way you would want to go out in your final days.

07-05-2006, 10:25 AM	#10
Matt 26z So Fucking Banned Industry Role: Join Date: Apr 2002 Location: ¤ª"˜¨๑۩۞۩๑¨˜"ª¤ Posts: 18,481	Now the Bush family doesn't have to worry about pardoning him on the final day of the presidency. Just the media stories alone about the possibility of that would have been very negative... Not a good thing if Jeb decides to run. Put one and one together.

07-05-2006, 10:31 AM	#12
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	All the stress of facing jail time took its toll

07-05-2006, 10:34 AM	#14
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,944	He was going to spend the rest of his life in jail too..ironic __________________ *YOUR INFORMATION HERE*

07-05-2006, 10:35 AM	#16
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	he got plastic surgery and is living in argentina

07-05-2006, 10:35 AM	#17
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	That probably worked out better for him. He would have died in jail shortly after going through the whole embarrasing imprisonment process. It's better that he died at his vacation home before going to jail. __________________ I've trusted my sites to them for over a decade... Webair, bitches.

07-05-2006, 10:38 AM	#18
ridikuloz Confirmed User Join Date: Jun 2005 Location: ▓NY▓ Posts: 2,080	he probably jut OD'd on drugs in suicide. __________________ Each persons' level of stupidity makes us different.