first they took it away....
http://www.cfo.com/article.cfm/9032767/?f=rsspage Lay was convicted in May 2006 on ten counts of fraud and conspiracy in two separate cases, but since he died before exhausting his appeals, Lay's indictment convictions were wiped from the record under a legal principle known as the abatement doctrine. And since there are now no criminal convictions, prosecutors must sue Lay's estate to recover any money.(last paragraph in article)
then they offered this...
http://money.cnn.com/2006/09/07/news/newsmakers/lay_enr... Enron workers who lost their pensions can seek up to $12 million from Enron founder's estate; payout could be less.
New York (CNNMoney.com) -- The federal government said Thursday that it agreed to cap at $12 million the amount of money that Enron workers who lost their pensions could try to recover from the estate of Ken Lay, the former Enron chairman who died in July.
But claimants may not receive the full $12 million in reparations for their losses, the Labor Department said in a statement.
Enron founder Kenneth Lay died in July after being convicted of fraud and conspiracy. His estate is facing civil claims filed against him.
Lay, who died of a heart attack after his conviction in May on charges on conspiracy and fraud related to Enron's collapse, testified during his trial that he was $250,000 in the red because most of his net worth was tied up in worthless Enron stock. He added that legal bills ate up the rest of his fortune and that he still owed millions to his attorneys.
The Labor Department said any final recovery will depend upon the total amount of assets available for distribution from Lay's estate. The proposed settlement is subject to approval from the U.S. District Court for the Southern District of Texas.
Now they want it back...
http://www.khou.com/topstories/stories/khou080515_tj_en... Enron demanding money back from former employees
Jo Ann Holloway is one of the employees who got the letter. 11 News found her in Stafford.
These days, she's a mapping specialist for the public works department in Stafford.
Years ago, we would have found her among the thousands fired when Enron folded. Her Enron retirement plan also went under that day.
"I'd say (I lost) $70,000 or $80,000," Holloway said.
11 News: That just vanished?
Holloway: "Poof, the magic dragon. Gone”
Two years ago, she got some of that money back. A class action settlement got her $726.22.
"I was appalled that's all they sent,” said Holloway.
Now Enron, which cost her tens of thousands of dollars, wants her to give that $726 back