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Feds Hope to Amend Law to Preserve Lay Conviction

By: Associated Press
By: Associated Press

The Justice Department hopes Congress will pass legislation to prevent the criminal record of late Enron founder Kenneth Lay from being wiped clean.

Prosecutors in Houston Wednesday asked a judge to hold off on ruling on a request by lawyers for Lay's estate to erase his convictions and dismiss the indictment.

Houston-based Enron filed for bankruptcy protection in 2001.

Jurors in May convicted Lay on ten counts of fraud, conspiracy and lying to banks.

Lay died of heart disease July fifth in Colorado -- before his attorneys could appeal.

He had faced sentencing October 23rd.

Legislation that was submitted this week would change federal law in such situations.

The Justice Department would like any new legislation to be retroactive to July first -- four days before Lay died.


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