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Jury in Wittig Fraud Case Turns to Forfeiture Question Save Email Print
Posted: 8:00 PM Sep 13, 2005
Last Updated: 8:00 PM Sep 13, 2005
Reporter: AP

A | A | A

The federal jury that convicted two former executives of looting Westar Energy is now studying whether the men must forfeit millions of dollars.

David Wittig was the CEO and Douglas Lake the chief strategy officer of the Topeka-based utility before they were forced out in late 2002.

Both were convicted yesterday on more than two dozen counts of
conspiracy, money laundering and other crimes. Prosecutors accused
them of inflating their compensation by millions of dollars at the expense of Westar shareholders.

The jury heard arguments Tuesday on whether and how much of their
assets Wittig and Lake should have to turn over to the government.

Prosecutors want at least $28 million from Wittig and more than
$9 million from Lake. The figures include salary, life insurance benefits and other benefits they received from Westar.

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