Ex-Westar executives’ assets put on hold

? David Wittig can’t sell his Ferrari.

A federal judge has prohibited the former Westar Energy Inc. chief executive from selling some of his assets, including the 2001 Ferrari, valued at nearly $230,000. The order also applies to Douglas Lake, Westar’s former executive vice president; both men face various federal criminal charges that accuse them of trying to loot the company.

U.S. District Judge Julie Robinson’s order deals with property the government wants to seize in the criminal case. In addition to the car, items the government wants include stock held by both men, and a life insurance policy they can use to raise cash. Robinson issued her order Friday, but it remained under seal until Tuesday.

Federal prosecutors are seeking $25.5 million in assets that Wittig obtained from Westar and $7.5 million in assets that Lake received from the company. The forfeitures would include all future salary and compensation the two men would claim from Westar.

Adam Hoffinger, the lead attorney defending Wittig, told the Topeka Capital-Journal on Wednesday that Wittig hadn’t been served with a copy of the order.

Wittig and Lake each face 39 counts of conspiracy, wire fraud, submitting false statements, money laundering, circumventing internal accounting controls and falsifying books and records.

Wittig, 48, of Topeka, and Lake, 53, of New Canaan, Conn., have pleaded not guilty. Their trial is scheduled to start Sept. 7.

Wittig resigned as Westar CEO in November 2002. The company’s board of directors placed Lake on an indefinite leave of absence a month later.