maybe trying to get cash for all those high priced lawyers he's gonna be needing???

fair use...

Link

Embattled Enron Chief Puts Three of His Four Aspen Properties on Market for $15 Million

ASPEN, Colo. (AP) - The embattle chairman of Enron Corp. has put three of his four Aspen properties up for sale, asking a total of more than $15 million.

The properties, owned by Kenneth Lay and his wife, Linda, include two single-family homes and an undeveloped lot at the base of Red Mountain, Aspen broker Joshua Saslove said Wednesday.

Enron, which filed for bankruptcy protection Dec. 2, has no legal interest in the properties.

One home, listed at $6.15 million, has four bedrooms, 4 1/2 baths and caretaker's quarters, broker Heidi Houston said. The price was listed at $5,000 less than what the Lays paid for it in August 2000, according to county records.

A five-bedroom log-and-stone house was listed at $6.5 million; the Lays paid $4.8 million for it in 1999. And an undeveloped lot was listed for $2.9 million; the Lays bought it in 1998 for $1.65 million.

The Lays plan to keep a 4,200-square-foot home that the Pitkin County assessor's office has valued at $3 million, Saslove said.

Lay, Enron's chairman and chief executive, is under investigation for selling off Enron stock while Enron executives were telling their employees their pension plans, in Enron stock, were secure. The pensions are expected to be nearly worthless under the bankruptcy.

-- Anonymous, January 17, 2002

Answers

I was thinking legal fees, too.

-- Anonymous, January 17, 2002

Only three of the four? They can't be that bad off, then. I wonder if there are beach houses, a little flat in London, an apartment in New York. . .

-- Anonymous, January 18, 2002