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Ken Lay, the convicted CEO of ENRON bilked millions of dollars from his employees and other investors - some losing all of their retirement monies. He was to be sentenced in October - but just died of a heart attack. I understand if a person dies before sentencing, the conviction can be thrown out. What chances to those who lost so much have in getting some of their money back?

2006-07-06 06:26:17 · 2 answers · asked by Coach D. 4 in News & Events Other - News & Events

2 answers

they actually have a better chance of getting some money from his estate now that he is dead.
Ken cannot testify in court, and any of his friends are much less likely to testify now that he is gone.

2006-07-06 06:29:51 · answer #1 · answered by Kutekymmee 6 · 0 1

correct, the judgement so far was criminal only. victims can sue the estate in civil court to recover their losses.

2006-07-08 09:55:18 · answer #2 · answered by Money Maven 6 · 0 0

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