posted July 05, 2006 12:42 PM            

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HOUSTON (July 5) - Enron Corp. founder Kenneth Lay, who was convicted of helping perpetuate one of the most sprawling business frauds in U.S. history, died Wednesday of a heart attack in Colorado. He was 64.

The Pitkin, Colo., Sheriff's Department said officers were called to Lay's house in Old Snowmass, Colo., shortly after 1 a.m. Mountain time. He was taken to Aspen Valley Hospital, where he was pronounced dead at 3:11 a.m. Lay, who lived in Houston, frequently vacationed in Colorado.

Family spokeswoman Kelly L. Kimberly issued a statement saying, "Ken Lay passed away early this morning in Aspen. The Lays have a very large family with whom they need to communicate. And out of respect for the family, we will release further details at a later time."

Pastor Steve Wende of First United Methodist Church of Houston, said in a statement that church member Lay died unexpectedly of a "massive coronary."

Wende said Lay and his wife, Linda, were in Colorado for the week "and his death was totally unexpected. Apparently, his heart simply gave out."

Lay was scheduled to be sentenced Oct. 23. He faced decades in prison.


Lay led Enron's meteoric rise from a staid natural gas pipeline company formed by a 1985 merger to an energy and trading conglomerate that reached No. 7 on the Fortune 500 in 2000 and claimed $101 billion in annual revenues. He traveled in the highest business and political circles.

For many years, his corporation was the single biggest contributor to President Bush, who nicknamed him "Kenny Boy."

Lay was convicted May 25 along with former Enron CEO Jeffrey Skilling of defrauding investors and employees by repeatedly lying about Enron's financial strength in the months before the company plummeted into bankruptcy protection in December 2001. Lay was also convicted in a separate non-jury trial of bank fraud and making false statements to banks, charges related to his personal finances.

Skilling, reached by telephone at his home in Houston, told The Associated Press that he was aware of Lay's death, but declined further comment.

Prosecutors in Lay's trial declined comment Wednesday, both on his unexpected death and what may become of the government's effort to seek a $43.5 million judgment from Lay that they say he pocketed as part of the conspiracy.

Burt Palmer, the church's executive pastor, told The Associated Press that the Lays attended church in Houston on Sunday. "The church continues to love them and help them walk through this difficult time."

Pat Worcester, executive assistant to CEO at Aspen Valley Hospital, said Lay was admitted into the emergency room at 3:10 a.m. Wednesday. She said the hospital would release a statement later.

Lay had built Enron into a high-profile, widely admired company, the seventh-largest publicly traded in the country. But Enron collapsed after it was revealed the company's finances were based on a web of fraudulent partnerships and schemes, not the profits that it reported to investors and the public.

When Lay and Skilling went on trial in U.S. District Court Jan. 30, it had been expected that Lay, who enjoyed great popularity throughout Houston as chairman of the energy company, might be able to charm the jury. But during his testimony, Lay ended up coming across as irritable and combative.

He also sounded arrogant, defending his extravagant lifestyle, including a $200,000 yacht for wife Linda's birthday party, despite $100 million in personal debt and saying "it was difficult to turn off that lifestyle like a spigot."

Both he and Skilling maintained that there had been no wrongdoing at Enron, and that the company had been brought down by negative publicity that undermined investors' confidence.

His defense didn't help his case with jurors.

"I wanted very badly to believe what they were saying," juror Wendy Vaughan said after the verdicts were announced. "There were places in the testimony I felt their character was questionable."

Lay was born in Tyrone, Mo. and spent his childhood helping his family make ends meet. His father ran a general store and sold stoves until he became a minister. Lay delivered newspapers and mowed lawns to pitch in. He attended the University of Missouri, found his calling in economics, and went to work at Exxon Mobil Corp. predecessor Humble Oil & Refining upon graduation.

He joined the Navy, served his time at the Pentagon, and then served as undersecretary for the Department of the Interior before he returned to business. He became an executive at Florida Gas, then Transco Energy in Houston, and later became CEO of Houston Natural Gas. In 1985, HNG merged with InterNorth in Omaha, Neb. to form Enron, and Lay became chairman and CEO of the combined company the next year.

posted July 05, 2006 06:16 PM              

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"WHATEVER the soul longs for, WILL be attained by the spirit"

"Love knows not its own depth until the hour of separation"

posted July 05, 2006 08:23 PM              

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Scorpio/Leo/Leo

posted July 05, 2006 10:16 PM              

quote:

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SOURCES SAY KEN LAY HAD A DUAL-USE ELECTRONIC IMPLANT

Sources from inside the Beltway indicate he had a bug up his ass. Literally.

CIA spooks planted a listening device while he was under sedation. The electronic implant had dual-use capabilities -- it could also deliver a fatal electrical shock directly into the nervous system of its victim.

Kenny was despondent and bitter over being thrown under the bus by his friend in the Oval Orifice and was going to detail crimes committed by then-Governor Bush related to attempts to win influence with the Taliban in Afghanistan. At the time, the Taliban was demanding concessions for an American oil pipeline being planned to carry crude oil across the lawless plains.

Enron Corporation hosted representatives of the Taliban at the time and arranged secret meetings between lieutenants of Osama bin Laden and the Bush governor's office. George W. Bush and the bin Laden family were friends going back years to the time when Salem bin Laden, the oldest half-brother of Osama bin Laden, bailed George Bush out of bankruptcy. Bush was presiding over the slide into bankruptcy of his Arbrusto Energy company.

Sources associated with the Lay family say his body will be cremated and honored in a private ceremony at his Colorado residence.

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posted July 06, 2006 12:44 AM            

If you know what I mean!

posted July 07, 2006 01:19 AM              

BREAKING: Ken Lay is Not Dead

Ken Lay is not dead!

He is already in a foreign country.

This is according to a reading of the horary chart associated with his death (4:51 pm CED, Brussels, July 5, 2006).

In one of the most carefully planned escapes in shadow government history, Lay disappeared, probably within the past 24 hours.

The chart has Scorpio rising, apropos of the discussion.

The Moon and Jupiter Rx have just risen and are in the 12th house, about to make a conjunction. This is nothing, if not mysterious -- no need to push it too hard.

The ruler of the ascendant is Mars, which is in Leo and the 9th house. The ascendant ruler represents the first party to the question -- Mr. Lay. He does not appear to be anywhere nearby, as the 9th house represents travel of long distances.

Magnificently, Mars is precisely opposite Neptune -- separating to an exactitude of three arc minutes.

Neptune adds the factor of a huge fog, deception or unknowable possibility (echoed vividly by those 12th house Scorpio planets).

This suggests a kind of crime of the century: that Neptune in Aquarius has proven many times that there is no story too outrageous for people to swallow.

Regarding Mars in the 9th, we could propose that the 'long distance' of this house was to Kenny Boy's little place in hog heaven, were it not for another fact: the ruler of the 7th cusp, which is Taurus and thus Venus -- representing a partner or, in general, 'someone else', is found in the 8th house, the house of death.

The syntax of this is not difficult to grasp: someone else is dead.

First take is this is the body of the guy who is laying in for Kenny.

My second take on this Venus 8th was that his wife would soon be joining him, as Venus is about to square Uranus in Pisces.

Obviously, there was an escape house on an island somewhere; such is commonplace enough among the ultra-posh. And with all the resources of the Land of the Free to protect them, freedom is available.

News prediction: "they," that is, the MSM, will float a story that proves the validity of the corpse, a kind of, "It really is Ken" story, with DNA or fingerprints -- affirming the question.

That's the news.
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