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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (324)	1/17/2002 4:22:30 PM
From: stockman_scott	Respond to of 3602

Enron CEO Selling Colo. Properties...I feel SO SORRY for him... Maybe Ken baby is starting to feel guilty....or maybe he needs a little cash to pay his massive legal bills...or maybe he knows he'll be paying fines...or maybe he knows the money he used to buy these condos really wasn't his <G>... ________________________________________ Enron Chairman Kenneth Lay Puts Properties in Aspen, Colo., on Market for $15 Million Thursday January 17, 3:11 pm Eastern Time ASPEN, Colo. (AP) -- Three of the four Aspen properties owned by Enron Corp. (NYSE:ENE - news) chairman Kenneth Lay have been listed for sale for more than $15 million. The properties owned by 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. He said the properties have been in the market since mid-November. Enron, which entered the biggest bankruptcy in the country's history on Dec. 2, has no legal interest in the properties. One home, listed at $6.15 million, has four bedrooms, 4 1/2 baths, a two-car garage 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. The second residence, a five-bedroom log-and-stone house, was listed at $6.5 million. The Lays paid $4.8 million for it in November 1999. The undeveloped lot is listed for $2.9 million. Assessor records show 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. Records show they purchased it in 1991 for just under $2 million. Lay, Enron's chairman and chief executive, is under investigation for selling $101 million of his Enron stock over the last year when Enron executives were telling their employees their pension plans, in Enron stock, were secure. The pensions are expected to be worthless under the bankruptcy.