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
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting