Lay Faces Second Trial in Separate Case

[acmavm]

Friday May 12 1:12 a.m.

<snip>

HOUSTON - Enron founder Kenneth Lay won't settle in for a long wait when 12 jurors begin deliberating in the conspiracy and fraud case against him and former Chief Executive Jeffrey Skilling. He'll be back on trial, without a jury, on charges in a separate case stemming from his personal banking.

If convicted, those charges alone could translate into a life sentence for the 64-year-old Lay. The counts, which include one for bank fraud and three for false statements, each carry a maximum sentence of 30 years.

In the case, expected to last two to three days, prosecutors allege Lay obtained $75 million in loans from three banks and then reneged on an agreement with the lenders that he wouldn't use the money to carry or buy margin stock. The indictment does not specify what stock was carried or bought on margin.

The banking case was originally part of the conspiracy indictment, but U.S. District Judge Sim Lake ruled in October 2004 that it would be tried separately.

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http://news.yahoo.com/s/ap/20060512/ap_on_bi_ge/lay_bank_fraud_3;_ylt=An0SCz6VMc1Qgps0zm6mRj4kkKQB;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

[Libby2]

1. I hate to say this

but I'm praying for a life sentence.

[0007]

4. Me too!

[stepnw1f]

5. He Deserves It

he anyone like him.

[bluestateguy]

2. He should be executed

I support the death penalty for white collar corporate crime.

Somehow, I just don't see all of the anti-death penalty activists taking to the streets in wild protest if Ken Ley were headed to the death chamber.

[Caution]

3. I would.

The death penalty is wrong.

[robbedvoter]

6. That's the guy who supported Ann Richards, right?

Damn corrupted Democrats!