Ken Lay, Wife Lose $889,000 on Property

ASPEN, Colo. -- Former Enron chairman Ken Lay and his wife, Linda, took nearly $1 million in losses in selling their four properties in town, The Associated Press reported Monday.

The couple closed the sale of their last property here, a nearly 5,000-square-foot-home, for $5.5 million Thursday, according to listing broker Joshua Saslove.

The Lays posted a $620,000 loss for the four-bedroom, five-and-a-half-bath house that they paid $6.1 million for in August 2000, based on Pitkin County assessor's records.

The couple also lost $269,000 on another four-bedroom house they sold in March for $4.5 million.

-- NYSSCPA.org News Staff

Posted on 8/2/03