Wednesday, October 18, 2006

The Law Is a Law Unto Itself

Enron founder Ken Lay's criminal record is now clean! A judge in Houston Texas yesterday dismissed Lay's conviction on fraud and conspiracy charges connected to the downfall of the energy giant because Lay died before he could appeal. This means that Lay's estate will not have to forfeit tens of millions of dollars the court had deemed fraudently obtained. Lay was convicted of 10 counts of fraud, conspiracy and lying to banks in May. He died of a heart attack in early July.

The collapse of Enron wiped out US$60billion in market value and over US$2billion in pension plans, not to mention the thousands of jobs lost.

The law doesn't give a damn about the 'small people'...those who lost everything through Lay's illegal, criminal activities. His reputation gets cleared but they, the victims, have to continue suffering.

Our courts here in this country are no different. They make up the rules as they go along, while reciting some nondescript, indistinctive, irrelevant legal precedent that no one's ever read or heard of!


  1. Too many of us in Enron-land still think Lay is off on a beach somewhere, laughing his head off about all of this.

    As for the law, it's a funny thing: Ken Lay has his conviction vacatied because he died before his appeals could be exhausted; meanwhile, Congress passes another law that says oh because of threats to US security, there is another whole class of people who have no right to "due process" at all. Gotta love America. (Or do you?)

  2. I'm pro-US...but that doesn't stop me from shaking my head at times at the law and government, amongst other things, both there and here.