Ken Lay has more legal challenges ahead

May 8, 2006 at 12:15 PM

HOUSTON, May 8 (UPI) -- The founder of Enron Corp. has a few more legal hurdles after his current fraud and conspiracy trial winds up.

Ken Lay is nearing the end of a Houston trial over the 2001 collapse of the once-mighty energy trading entity, The Houston Chronicle reported Monday.

Once jurors in the current case begin deliberations, U.S. District Judge Sim Lake will begin hearing evidence in a separate, non-jury trial that is expected to last about a week, on four personal banking charges.

The non-jury trial concerns accusations that Lay put three federally insured banks at risk and intended to defraud them while running Enron.

Each of the charges carries a maximum sentence of a 30-year prison term and $1 million fine.

Related UPI Stories
Topics: Ken Lay, Sim Lake
Latest Headlines
Trending Stories
One arrested after Philadelphia college lockdown
Boehner delays House vote for new speaker
NASA releases thousands of Apollo mission photos on Flickr
Snowden: U.S. won't respond to offers to serve prison time
FDA approves new treatment for advanced lung cancer