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Ken Lay is dead, Woo!

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ShadowMan

Posted: Jul 5 2006, 10:50 AM

Roll away baby. Roll away forever.
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http://money.cnn.com/2006/07/05/news/newsm...dex.htm?cnn=yes

QUOTE

Enron founder Kenneth Lay died early Wednesday in Aspen, Colo., a family spokeswoman said.

Lay, 64, was awaiting sentencing after being found guilty of conspiracy and fraud in the Enron trial in May.

In a statement, spokeswoman Kelly Kimberly said, "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."

A spokeswoman for Aspen Valley Hospital confirmed that Lay arrived at the hospital at 1:41 a.m. MT and was pronounced dead at 3:11 a.m. MT.

CNN affiliate KPRC in Houston said Lay was admitted to the hospital with a massive coronary.

In a statement, the Pitkin County Sheriff's office said a coroner's autopsy is pending and autopsy results will be available later this week.

On May 25, Lay was found guilty of 10 counts of fraud and conspiracy related to the collapse of Enron, the energy company he founded that eventually grew into the nation's seventh largest company before it imploded after an accounting scandal.

It was an astounding fall from grace for the Houston businessman who was once nicknamed "Kenny Boy" by President Bush. Lay had raised funds for Bush earlier in his political career.

In the Enron trial, Lay was accused of lying to investors and Wall Street about the health of Enron in late 2001 even as he enriched himself by selling millions of dollars in stock.

But Lay maintained his innocence to the end.

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Parakarry	Posted: Jul 5 2006, 10:55 AM
Mail call! Group: Site Staff Posts: 30359 Member No.: 34 Joined: 13-October 03 Status: (0d)	I guess he got his sentencing then. lol. It's hard for me to sympathize with him, sad to say. -------------------- DIAMOND FRIEND CODE: 2320 2606 8172

Captain Jeff Silvers	Posted: Jul 5 2006, 10:56 AM
Admins Can Do That!™ Group: Admins Posts: 30098 Member No.: 9 Joined: 13-October 03 Status: (0d)	A terrible man, though I'm rarely happy when somebody dies, and this is no exception. --------------------

Tri	Posted: Jul 5 2006, 11:02 AM
Courtesy of DJ Elly. (lol jsr) Group: Moderators Posts: 11832 Member No.: 836 Joined: 17-February 05 Status: (0d)	Explain plz :< -------------------- a more suitable ref (sunglasses not compulsory!) bye oldmfgg ;O;

ShadowMan

Posted: Jul 5 2006, 11:26 AM

Roll away baby. Roll away forever.
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QUOTE (Tri @ Jul 5 2006, 12:02 PM)

Explain plz :<

He was the founder of Enron, a company that used insider trading to raise millions of dollars illegally (and then they donated them to Bush's campaign).

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OSM	Posted: Jul 5 2006, 11:48 AM
R.I.P. old MFGG Group: Banned Posts: 13037 Member No.: 357 Joined: 30-March 04 Status: (71582621m)	No sympathy at all. This guy was a ****ing moron, nothing else to say.

Bungalo	Posted: Jul 5 2006, 02:35 PM
Standard Member, my ass! Group: Members Posts: 28242 Member No.: 143 Joined: 17-November 03 Status: (0d)	I dont fully understand what he did wrong besides pulling out of enron before it crashed. -------------------- Reference Sprites by Bungalo- Metroids Galactic Federation Trooper Fake Ridley

Kaepora Of Rhye

Posted: Jul 5 2006, 02:38 PM

ZOU!

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QUOTE (Bungalo @ Jul 5 2006, 07:35 PM)

I dont fully understand what he did wrong besides pulling out of enron before it crashed.

QUOTE

He was the founder of Enron, a company that used insider trading to raise millions of dollars illegally (and then they donated them to Bush's campaign).

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Demonic Jello	Posted: Jul 5 2006, 02:41 PM
OH LOOK WHAT CLEVER CHILDREN Group: Members Posts: 9404 Member No.: 1703 Joined: 8-December 05 Status: (0d)	Good riddance -------------------- The only reference there is MFGG Battle sheet (Much thanks to NO Body) Mega ultra hyper awesome Jello Dragon by Ladyjester The totally kick-arse second version

Bungalo	Posted: Jul 5 2006, 02:47 PM
Standard Member, my ass! Group: Members Posts: 28242 Member No.: 143 Joined: 17-November 03 Status: (0d)	Ah... How did he raise them illegaly? -------------------- Reference Sprites by Bungalo- Metroids Galactic Federation Trooper Fake Ridley

ShadowMan

Posted: Jul 5 2006, 02:55 PM

Roll away baby. Roll away forever.
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QUOTE (Bungalo @ Jul 5 2006, 03:47 PM)

Ah... How did he raise them illegaly?

They realized the entire company was gonna go bankrupt, so they had all the high executives/people with connections sell all their millions of dollars of shares. They then told the public shares were gonna go up, so everyone bought shares. This would make everyone invest a lot of money in the company. It would then tank, and they'd keep all the money for themselves.

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Black Squirrel	Posted: Jul 5 2006, 03:06 PM
Vote 1924 Group: Admins Posts: 16468 Member No.: 785 Joined: 16-January 05 Status: (0d)	I'm confused... Why are people celebrating death just because of money? It's not like the guy went out and killed millions or something. Sure it's a bad thing, but not bad enough to celebrate when the guy dies... unless I'm missing a key factor here. -------------------- [ I am Black Squirrel, read about me \| Blog Squirrel \| The Obscure Ripping Project ] [ SHPDMBGWL4 \| Super MFGG War \| Player Adventure ]

Bungalo

Posted: Jul 5 2006, 03:14 PM

Standard Member, my ass!
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QUOTE (ShadowMan @ Jul 5 2006, 03:55 PM)

If only they didnt lie. Then it would be fine.

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Freaky Mutant Man	Posted: Jul 5 2006, 03:15 PM
If I were funny, this might've kept your attention. Group: Members Posts: 5803 Member No.: 64 Joined: 14-October 03 Status: (0d)	Apparently, everyone here ignored that the guy has a family. And that feeling no sympathy whatsoever simply because of the money (Sure, it was all from scamming, and it was all given to the Bush administration, but it isn't as if the guy killed everyone he scammed and more) makes you hated alot. Now if this event were say, the death of Hitler, the "no sympathy" thing is pretty understandable. But it isn't. Not by a very long shot. Or any shot. My sympathy to the family of the guy. -------------------- That One Place forum - Neglect is what is screamed in your ears there.

Bungalo	Posted: Jul 5 2006, 03:16 PM
Standard Member, my ass! Group: Members Posts: 28242 Member No.: 143 Joined: 17-November 03 Status: (0d)	I think the liberals here wanted him dead because he supported Bush. This post has been edited by Bungalo on Jul 5 2006, 03:16 PM -------------------- Reference Sprites by Bungalo- Metroids Galactic Federation Trooper Fake Ridley

Citrus	Posted: Jul 5 2006, 03:17 PM
not dead yet Group: Members Posts: 18197 Member No.: 145 Joined: 19-November 03 Status: (0d)	I feel neither sympathy nor malicious pleasure. I really don't give a crap --------------------

Freaky Mutant Man

Posted: Jul 5 2006, 03:18 PM

If I were funny, this might've kept your attention.

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QUOTE (Bungalo @ Jul 5 2006, 12:16 PM)

I think the liberals here wanted him dead because he supported Bush.

It was only the REALLY extremeist ones, really. And those guys are complete insanos.

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That One Place forum - Neglect is what is screamed in your ears there.

Kaepora Of Rhye

Posted: Jul 5 2006, 03:24 PM

ZOU!

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QUOTE (Bungalo @ Jul 5 2006, 08:16 PM)

I think the liberals here wanted him dead because he supported Bush.

You're not in the place to bog everybody down with generalizations and say that the only people who don't agree with his actions are "extemist liberals". I don't like the guy either, but I'm certainly not having a 5th of July party due to the fact that he died. I'm a liberal, and I would prefer if you don't allocate me as an "extremist jackass".

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ShadowMan

Posted: Jul 5 2006, 03:26 PM

Roll away baby. Roll away forever.
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QUOTE (Bungalo @ Jul 5 2006, 04:16 PM)

I think the liberals here wanted him dead because he supported Bush.

Insider trading like that is against the law. It wouldn't be noticeable if it was on a small scale, but this was hundreds of millions of dollars. Having a huge chunk of that money go into the Bush campaign just came because Ken Lay and Bush were good friends.

I'll put it this way: I didn't want him dead, but I'm not gonna miss him.

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Freaky Mutant Man	Posted: Jul 5 2006, 03:29 PM
If I were funny, this might've kept your attention. Group: Members Posts: 5803 Member No.: 64 Joined: 14-October 03 Status: (0d)	But his relatives will, most likely, so maybe you guys should consider that? -------------------- That One Place forum - Neglect is what is screamed in your ears there.

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