Former Enron Chairman Ken Lay left everything to his wife, Linda Lay, according to his will filed Thursday with the Harris County Clerk's Office. Enron Chairman Kenneth L. Lay exhorted employees in September to buy more Enron shares and reassured them that the company’s upcoming quarterly financial … Lay saw an opportunity to profit from this deregulation. Four months later, Enron, which had ambitious plans at the time to build a broadband distribution and trading business, signed a contract to help EterniTV deliver its content. The company defended the deals as proper. ''I asked them why they were there, and they said, 'Ken Lay is Enron, and this is the man's son.' Summary: Mark Lay is 52 years old and was born on 08/15/1968. Robert Crist Vial, a lawyer for one creditor in the R&C bankruptcy case, said in-house Enron lawyers monitored some of the legal proceedings. The Supreme Court of the United States heard arguments in the appeal of the case March 1, 2010. Enron's disclosures of its dealings with Sharon Lay's travel agency and a consulting agreement with Mark Lay's Bruin Interests prompted shareholder complaints at a union meeting in 1997. Following his death, Mr. Lay’s lawyers “moved to invoke a Fifth Circuit precedent that calls for the vacation of the conviction of any defendant who dies before having an opportunity to pursue an appeal. Mark Lay Overview Mark Kenneth Lay has been associated with two companies, according to public records. Legal experts said there were no clear violations of securities laws in the Lay-Enron dealings. Mark Lay left a low-level position at Enron in 1992, went to work at an energy trading company and then struck out on his own in 1994. Mr. Lay and his partner, another former Enron employee, hoped the company would be a pioneer in the business of trading paper and pulp products, but it had not signed up a single client when Enron acquired it. But because everything has been left to his wife, she is expected to have sole discretion over the assets. Many Enron executives were indicted on a variety of charges and were later sentenced to prison. In 1985, Kenneth Lay merged the natural gas pipeline companies of Houston Natural Gas and InterNorth to form Enron. He graduated with honors from State University Of New York - State College Optometry in 2010. Kenneth Lay was a very powerful personality with a strong character and firm political ties. In May 1993, Forbes writer Toni Mack wrote a story questioning Enron's switch to "mark-to-market" accounting … May 8, 2002: 6:33 PM EDT NEW YORK (CNN/Money) - An … Lay quickly rebranded Enron into … Mark Lay and Sharon Lay said that nothing improper took place in any of the transactions. Mark Lay, who left Enron last year to enter a local Baptist seminary, paid nearly $315,000 to settle a related civil case, without admitting to any wrongdoing. ENRON'S MANY STRANDS: EX-CHIEF'S FAMILY; Son and Sister Of Enron Chief Secured Deals. Indeed, Lay referred to them as “vultures” on Wednesday. Bruin, which also did consulting work for Enron, traded and speculated in natural gas; Mark Lay was a co-owner. ''It's unfortunate that you can be put at a disadvantage because of a relationship.''. "Assuming the will is properly drafted, there's no need for witnesses to even prove it up," she said. The 1970s energy crisis caused natural gas to become deregulated. Related To Christopher Lay, Clayton Lay, Kenneth Lay, Woodrow Lay, Clyde Lay Also known as Mark S Hairstyles, Lay Mark Dwayne, Lay Lay Includes Address(4) Phone(7) Email(12) In 1995, when the R&C episode was in full bloom, he said, he paid a visit to the Second Baptist Church in Houston, where the minister was preaching about Daniel's survival in the lion's den. ''It may simply be illustrative of the kind of backscratching, incestuous relationships that occur in the business world. But critics said the transactions were further examples of how top officials of Enron entangled themselves in a pattern of conflicts. He also wanted to give $100,000 to First United Methodist Church and $100,000 to the University of Texas M.D. More recently, Mark and Kenneth Lay -- like Enron -- turned their attention to the Internet. Marc Lay, O.D., M.S, is a Lawrenceville native who graduated first in his class while completing his Doctor of Optometry and concomitant masters in vision sciences at the State University of New York College of Optometry in 2010. The two men then recommended the company to Enron, which invested in a later financing round in September 2000 with VenRock Associates, a venture capital fund created by the Rockefeller family. It also gives Linda Lay, who was named his executor, any interest in any individual retirement accounts. Jake Paul vs. Amanda Nunes? After that, the records show, three successive small companies he owned or worked for did business with Enron. Ken Lay. Then prosecutor John Hueston pointed out that Lay's son, Mark L. Lay, was a short seller himself in March 2001. Now that photos have been posted — and the asking price has been chopped a full 7 percent — the whole world gets to peek inside the full-floor condo in The Huntingdon that belonged to Enron founder and CEO Ken Lay and his wife Linda. According to public filings, the agency, Alliance Worldwide, has booked more than $10 million in revenue from Enron, representing over half of the firm's business. ''There are some who thought it was only because of my relationship to Ken that we got the contract and that's far from the truth,'' Ms. Lay said. UFC star might be up for a battle of the sexes in the boxing ring. ''They were hiding assets and stealing assets,'' said Cindy Scarbrough, an accountant who followed the case with her father, one of the early investors in R&C. See the article in its original context from. Between 1971 and 1974, he worked first for the Federal Power Commission, and then as the Ener… Bruin later acquired a stake in R&C Petroleum, an East Texas energy company, after it filed for Chapter 11 bankruptcy protection in March 1994. In the year 1985, Houston Natural Gas and Omaha-based InterNonth companies merged to form Enron Energy Company. Other names that Mark uses includes Mark K Lay, Mark K Ay and Mark Kenneth Lay. So prosecutors created a stir Thursday by asking Lay about his own son’s short selling activities. Mr. Lay said his father was ''supportive'' throughout the episode; it was on his father's advice, for example, that he hired a lawyer from Vinson & Elkins, the law firm that represents Enron. One of the first things that will happen next, said Richard Alderman, a professor at the University of Houston Law Center, is creditors will have a chance to make claims against the estate. The company was quickly restructured, but continued to pile up huge losses. Enron declined to comment, and Kenneth Lay and his lawyer did not return phone calls. ''I think God impressed on me that's where he wanted me,'' Mr. Lay said. After that, the … Houston close to settling Kmart lawsuits from '02 raid, Here's what potential GM Louis Riddick has said about the Texans on ESPN, Legendary '6666' Texas ranch on the market for $192M after oil heiress' death, Horatio Alger Association of Distinguished, University of Texas M.D. Anderson Cancer Center. In the will, Lay outlined gifts that would have gone to the children had his wife died before him: $250,000 each to his son, Mark Kenneth Lay, his daughter, Elizabeth Lay Vittor, his wife's daughter, Robyn Herrold-Lay Mermeil, and his wife's sons, Todd David Herrold and Robert Ray "Beau" Herrold. Todd Herrold Overview Todd David Herrold has been associated with two companies, according to public records. Paper and Print had itself been spun off from another Houston company for which Mark Lay had done consulting work: the United Media Corporation. ''That gave me a true appreciation of what a true faith in God meant,'' Mr. Lay said. Mr. Lay died from a heart attack on July 5, 2006. Mark Lay left a low-level position at Enron in 1992, went to work at an energy trading company and then struck out on his own in 1994. ''It's not a classic conflict of interest,'' he said. Biography: Kenneth L. Lay July 8, 2004 12:47 p.m. A native of Missouri, Mr. Lay served as an officer in the U.S. Navy and did a three-year stint as Undersecretary of Energy before going into the private sector amid hopes of a deregulated natural-gas industry. Autopsy results released Wednesday confirmed that he died of heart disease, finding that three main coronary arteries were more than 90 percent blocked. The ties included Enron contracts with companies controlled by Lay family members and investments in companies in which family members had substantial holdings. Lay died July 5. Lay blamed Enron's collapse largely on his former CFO Andy Fastow and described a witchhunt to destroy the company led by Wall Street Journal reporters and short sellers. Officials at EterniTV said there was no connection between the investment and the contract. Lay is convicted on all six counts of fraud. In May 2000, the two men invested about $500,000 in an Internet start-up called EterniTV, a company that provides video services over the Web. One of America's highest-paid CEOs, Lay … 1. After a yearlong review, Europe approves Google’s FitBit acquisition. "That is why Texas probate is considered a simpler matter than in many states where the court is much more involved. Mr. Lay said that he had no role in the Enron contracts. Signed by Lay … Ken Lay heads to the federal courthouse in Houston April 19, 2006 in this file photo. Jeffrey Skilling was hired by Kenneth Lay in 1990 as chairman and chief executive officer of Enron Finance Corp. Kathy Ruemmler, one of the prosecutors in the Enron fraud and conspiracy trial that ended in the convictions of Lay and ex-Chief Executive Jeff Skilling in May, had no comment about the filing of the will. The executives of Enron orchestrated the big earnings and pushed up the stock pricesfor their own benefit! He was Special Assistant to the Navy Comptroller and Financial Analyst at the Office of Assistant Secretary of the Navy in the Department of the Navy in Washington, D.C. When Enron founder Kenneth Lay died suddenly, less than two months after being convicted of conspiracy and securities fraud in May, it seemed to be the … ''This only underscores our concern about the self-dealing that permeates the board at Enron,'' said Bill Patterson, director of the office of investment at the A.F.L.-C.I.O., which estimates that its member unions' pension funds lost $1 billion in the Enron collapse. As part of the deal, Enron hired Mark Lay as an executive with a three-year contract that guaranteed him at least $1 million in pay over that period, plus options to purchase about 20,000 shares of Enron. ''It's pure coincidence that we used Enron,'' said Jonathan Kirk, chairman and co-founder of EterniTV, which is based in San Francisco. 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