Enron founder Kenneth Lay’s criminal record is now clean. A federal judge ruled Tuesday that Lay’s death this summer vacated his conviction on fraud and conspiracy charges connected to the downfall of the once mighty energy giant. The ruling makes it more difficult for the government to seek $43.5 million from Lay’s estate. Lay was convicted May 25 of 10 counts of fraud, conspiracy and lying to banks in two separate cases. He died of heart disease July 5 while vacationing with his wife in Aspen, Colo.
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Posted on Thursday, October 19th, 2006. Filed under: Business Law, Law Misc
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