The filing made to the federal court where the two men were convicted last month asks Judge Sim Lake to grant the forfeiture request that would match the “gross amount of the proceeds of the crimes of conviction.”
Lay, 64, was convicted of six counts of conspiracy and fraud, as well as four separate personal bank fraud charges. Skilling, 52, was convicted of 19 counts of conspiracy, fraud, and insider trading.
The prosecutors are seeking $139.3 million from Skilling and $43.5 million from Lay. Both men face decades in prison, and they are scheduled to be sentenced in October.
“As a direct result of this criminal behavior they received incentive-based compensation and were able to sell Enron stock and reap hundreds of million of dollars in benefits, all while knowingly misrepresenting Enron’s true financial condition to the public,” the prosecutors wrote in their filing.
Enron, which at its height was the nation’s seventh-largest company, collapsed in December 2001 into the biggest U.S. bankruptcy at the time amid disclosures it used off-the-books deals to hide billions of dollars in debt and inflate profits.