Ken Lay refuses to hand over papers to SEC

[Bandit]

Former Enron Corp. Chairman Ken Lay on Tuesday asked a judge to force federal regulators to either live without 870 pages of documents he has or accept them on Lay's terms.
Asserting his Fifth Amendment right against self-incrimination, Lay has for months refused to release some records to the Securities and Exchange Commission.
<snip>

The SEC has argued the records are corporate documents and because corporations have no right against self-incrimination, Lay must hand them over. The SEC said if there's anything in there that hurts Lay, they can use it against him.
Lay argues the records at issue are personal and he has the right to assert his Fifth Amendment protection against self-incrimination and not turn them over. His lawyers say Lay would in effect be giving testimony that may be used against him.
<snip>

Lay's attorneys had tried to extract a promise that any personal information that might be revealed when producing the documents could not later be used to try to incriminate their client.

http://www.chron.com/cs/CDA/ssistory.mpl/business/2171868

[La_Serpiente]

1. He's going to lose it

unless they are personal letter or something from his auntie.

[bif]

2. Is this Executive Privilege?

Like the way Georgie handles things?

[ixion]

3. Kenny Boy should be in prison...

he stole billions, and he should pay the same price as any thug who steals from the people.

[mermaid]

16. But He Won't Be, You Know

See, if you are a rich white Repuke, you can get away with shit like this. If Kenny Boy were a junkie who held up a 7-Eleven for 50 bucks and a Mars Bar, he'd've been "clanked" long ago...and would be serving a 25-year term.

I guess it's okay, if you are a rich, white Repuke...to steal billions.

Guess this oughta teach everyone once and for all what is REALLY important to the 'Pukes. But it won't.

As George Carlin said about the Reagan Administration in his famous album, "What Am I Doing In New Jersey?," Yeah, they're against street crime, so long as that street isn't Wall Street! They wanna throw street criminals in jail to make life safer for the business criminals!

[realFedUp]

4. Maybe this would move faster

if Ken Lay was on a feeding tube that was being
removed....

[KoKo]

5. Do you think so? Ken Lay seems above the law so far. Odd isn't it. The

Clinton's had to turn over everything....even their underwear (tax records about donations to charity of their underwear), but Kenny Boy has just been enjoying life as usual jetting from luxury home to luxury home of the 5 or 6 homes they still have left.......Poor baby....

[underpants]

6. If you got nothing to hide you got nothing to worry about

Isn't that the old Repube refrain?

[Oilwellian]

7. Immunity for turning over documents?

Gee, you'd think the repubs would be a little more originial than that. They used that trick during the Iran/Contra scandal, only it was immunity for testimony. :eyes:

[La_Serpiente]

8. He must be shitting in his pants

I heard one of a Executives greatest fears is to go to prison, even if it was for a couple of years.

[radwriter0555]

9. When's the statute of limitations run out? shrub has been letting them

all expire on the enron cases.

[Brian Sweat]

10. The clock has stopped running.

The statute of limitions will never run out.

[Brian Sweat]

11. The fifth amendment does not apply to documents.

He will have to turn them over.

[zbdent]

12. And you're surprised by this because . . . ?

Just want to know.

[UTUSN]

14. Kick n/t

[mark0rama]

13. Corporations have no rights against self-incriminiation?

How did the Repubs let that happen?

I'm sure they'll get right on that.

[The Backlash Cometh]

15. Unshredded evidence?

You mean there's incriminating evidence that he still hasn't destroyed? I'm impressed.

[Beetwasher]

17. I was thining the same thing

WTF could be left?

[Don_G]

18. He Will Have To Turn The Papers Over

But I'm wondering which ones are duplicates of the ones Cheney's Secret Task Force are holding?

[Occulus]

20. bwahahah!

Wouldn't that just be the height of irony?

heheheheh.....

[Andy_Stephenson]

19. So Kenny Boy is Guilty

that is my read...anyone?

[Bandit]

21. Yes my take also

He as much as admitted that it was incriminating evidence. Guilty, but we knew that already didn't we?

[Serial Mom]

22. Funny how Martha Stewart got

investigated, charged and is going to trial so quickly over a $46,000 profit, but Kenny boy is still living in a $7 million house (although from what I have read, that is his only house left - poor boy).

Oh, but I forgot, Martha is a woman, TV personality and being made "an example" of what the government wants to punish.

[mrgorth]

23. You can't seriously think he'll go

B**h is going to pardon him or whatever else he has to do. No way that Lay falls.

[DebbieCDC]

25. Kenny Boy in Prison?

Never happen. If he starts to go down Dumbya will have to pardon him. If Dumbya doesn't, how much you wanna bet Kenny Boy sings like a little birdie about all the dirty shit he knows on the BFEEs. Dumbya can't risk that happening. So it's either a pardon or.... ('nuff said?)

[PurityOfEssence]

24. This will be the highest performance art of perception

The Bushies have to make it look like they're really trying to get him, and I'm sure he's got some truly serious dirt on them if they get too close. There will be some version of stalling on his part and "due diligence" (harharhar) on theirs, giving them the cover they need to squeak past the next election without it looking like the farce it is.

If the scales tip and we somehow regain the house (not likely), you can look to him maybe even getting Baxterized. Regardless, it'll be a subtle and elaborate minuet.

[reachout]

26. SEC

I think the SEC should have the authority to batter down this guy's door and find the evidence the same way the DEA does to someone growing pot in their house. It's not like they politely ask drug offenders to hand over the evidence.

I'm with Michael Moore, I want to see corporate criminals arrested on Cops.