Kenneth Lay

From Simple English Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Kenneth Lee Lay
Ken Lay.jpg
Kenneth Lay's 2004 mugshot
Born(1942-04-15)April 15, 1942
Tyrone, Missouri, U.S.
DiedJuly 5, 2006(2006-07-05) (aged 64)
Cause of deathHeart attack
Spouse(s)Linda Lay
ChildrenRobyn, Mark, David, Elizabeth, and Beau
Parent(s)Omer and Ruth Lay

Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman and fraudster. He is best known for being involved in the Enron scandal. Lay was indicted by a grand jury in Houston, Texas, for his role in Enron's collapse and was charged with 11 counts of securities fraud, wire fraud, and making false and misleading statements.

On May 25, 2006, he was found guilty on all six counts of conspiracy and fraud by a jury of eight women and four men and in a separate bench trial, The judge ruled that he was guilty of four counts of fraud and false statements. The sentencing was scheduled to take place on 11 September 2006, but it was later rescheduled for 23 October 2006. The scheduled sentencing never took place because Lay died of a heart attack while vacationing in Snowmass, Colorado on July 5, 2006.[1]

References[change | change source]

  1. "Enron's Lay Dies Of Heart Attack". The Washington Post. Retrieved 2014-03-14.

Other websites[change | change source]