Poor bastard is down to his last million. I feel soooo sorry for him.

NEW YORK ( – Former Enron Chairman and CEO Ken Lay has seen his personal fortune eaten away by the collapse of the energy trader and his legal problems, and he could be forced to file for bankruptcy protection, according to a published report.

The New York Times reported that Lay’s stated net worth is now less than $650,000, down from as much as $400 million before Enron’s downfall in 2001.

And the Times said that latest valuation is probably on the optimistic side. It includes an estimated $1.9 million held in a trust that the paper reports is almost sure to be consumed by legal fees.

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