Sunday, August 27, 2006

An Enron twist: convicted but not guilty?

A legal precedent could clear Ken Lay, the firm's late founder, making it hard for the US to tap his estate

HOUSTON – If someone is convicted of a crime and dies before exhausting all his appeals, is he innocent?
That's the question now challenging federal prosecutors in the latest twist of the Enron case. A legal precedent could clear the record of Enron founder Kenneth Lay, even though he was found guilty of six counts of conspiracy and fraud, because of his sudden death last month. The move could also make tens of millions of dollars in his estate off-limits to creditors.

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