Enron's Kenneth Lay Dies

Posted by ryuzaki0 on Wednesday July 5, 2006 @06:44AM from the so-long-and-thanks-for-all-the-sarbox dept.

Don420 writes "This morning the biggest corporate criminal in modern history, Kenneth Lay, died of a massive coronary before he could receive his sentence. Lay was found guilty of being in charge of the scheme that had many lose their live-savings through a scheme of complex offshore holdings and is to thank for our having to live with Sarbanes-Oxely." From the article: "Enron filed for bankruptcy in December 2001 after investigators found it had used partnerships to conceal more than $1 billion in debt and inflate profits. Enron's downfall cost 4,000 employees their jobs and many of them their life savings, and led to billions of dollars of losses for investors."

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Live savings? by slummy · 2006-07-05 07:01 · Score: 0, Offtopic

How about "life savings"?
Re:Joseph Mengele by Quiet_Desperation · 2006-07-05 07:03 · Score: 1, Offtopic

The greatest genocidal doctor in history...
I thought that was Dr. Phil?
Re:OT: Your sig by ConceptJunkie · 2006-07-05 11:37 · Score: 0, Offtopic

Yeah, you obvious understand what's going on.

Now that was sarcasm.

--
You are in a maze of twisty little passages, all alike.