Saturday, July 1, 2006

Asset Forfeiture - Skilling & Lay

With convictions in against Skilling and Lay, it is not surprising to see the government moving on asset forfeiture.  According to Yahoo News (AP) here, the government is seeking "$139.3 million from Skilling and $43.5 million from Lay."  The criminal conviction, if upheld on appeal, will assist greatly in them securing money.  The question will be the amount that should be paid by Skilling and Lay.

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/07/asset_forfeitur.html

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