One last round of scattered showers and isolated thunderstorms is possible in the Brazos Valley through midnight. A few storms could be strong to severe, with damaging winds & hail being a concern. An isolated, brief tornado threat cannot be ruled out. Highest potential for severe weather is over the Northeastern Corner of the Brazos Valley.
The widow of Enron's founder Kenneth Lay says she owns the assets the federal government is trying to seize.
The assets are the target of a civil forfeiture action against her late husband's estate by the federal government. The government is trying to recover $12.7 million it claims were "proceeds of the fraud proven in the criminal case against Lay."
Federal prosecutors were forced to file the civil action after Lay's convictions for his role in Enron's collapse were vacated following his death last year.
In a court filing yesterday, his widow, Linda Lay, asserted she is the "rightful owner" of the assets the government is trying to seize.
Prosecutors are looking to take three things: $2.5 million of the value of the couple's condominium in one of Houston's most exclusive high-rises; $10.2 million from a partnership named for both the Lays; and nearly $23,000 in a bank account.
Linda Lay's attorney says in the filing that Kenneth Lay's 50 percent share of both the condominium and the bank account were transferred to his client after the Enron founder's death.
In his will, Kenneth Lay left all of his assets to his wife.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.