facebook
twitter
rss
account
search
search
 

Ken Lay has more legal challenges ahead

May 8, 2006 at 12:15 PM   |   Comments

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.

Topics: Ken Lay, Sim Lake
© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
API: U.S. leverage hurt by oil export ban API: U.S. leverage hurt by oil export ban
4
Statoil makes oil find in North Sea Statoil makes oil find in North Sea
5
Official: Iran's economy too vulnerable to oil market Official: Iran's economy too vulnerable to oil market
Trending News
Around the Web
x
Feedback