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Lay takes the easy way outFollow

#27 Jul 05 2006 at 4:30 PM Rating: Decent
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I'm curious as to whether the government can finish the sentencing phase of the trial with him dead. I'd certainly like to see some money be taken from his estate after the massive defrauding he was responsible for, but I don't think that can happen anymore with him dead. Anyone know?



Money he made is still "at risk" because of a civil suit. I'm not sure if the gov't can still fine his estate or not, now that he's dead. That's a good question. I'm pretty sure victims can go after his estate in civil court, especially if they have already filed to initiate the process. Even if they haven't, I bet it's still possible to sue.

Last I read, OJ hasn't paid a penny to the people who beat him in a civil trial. They confiscated a few things from him, but he sheltered his money in time.

If the Lay family has managed to hide their money, it will be hard for the people Lay hurt (like the father of one of my best friends - poor man dying of Parkinsons - and his retirement went poof) to ever get it.
#28 Jul 06 2006 at 6:16 PM Rating: Good
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This article says his estate may not be seized by the government. If that's the case, there's alot of people who aren't going to come away with a penny except his lawyers.

Totem
#29 Jul 06 2006 at 7:03 PM Rating: Excellent
Will swallow your soul
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But his assets could remain targets in civil litigation from shareholders and others, including possibly the Justice Department.


____________________________
In a time of universal deceit, telling the truth is a revolutionary act.

#30 Jul 06 2006 at 7:27 PM Rating: Decent
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Right Samira, and in fact if this stops the gov't from fining his money - and if it leaves behind more for the actual victims to go after - it might be a "better" outcome.

Also, it may be harder to "shelter" estate money. If you're alive and if you know you're going to lose a major civil suit, you can do so many things - legally and quaisi-legally (but who is going to catch you?) - it can be very hard for a victorious plaintiff to collect from a losing defendant who "goes to ground."

But since a lot of the sheltering laws apply to your "main residence" and so on, an estate may be excluded from this. I'm not sure, though.

If you have to sue a person or company, you want then to have lots of money AND to want to continue doing "business as usual." Then you have a chance of collecting (although many times the plaintiff has to settle for less than the jury awards). Civil law is dicey at best.

And yes, I agree w/ the spirit of an above statement - only lawyers win lawsuits.
#31 Jul 08 2006 at 5:19 AM Rating: Decent
AF wrote:
I wonder what killed him, (other than the thought of prison, that is.)


I heard he wasn't able to get the souls of small children to feast on anymore.
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