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104-degree temperatures spur bushfires in southern Australia

MELBOURNE, Jan. 17 (UPI) -- Sweltering heat fueled deadly bushfires as they spread across parts of Victoria, South Australia and New South Wales Friday, fire authorities said.

White House Counsel Kathryn Ruemmler reported leaving

WASHINGTON, Sept. 18 (UPI) -- The Obama administration is searching for a successor to White House Counsel Kathryn Ruemmler, who wants to leave Washington, officials say.

The almanac

UPI Almanac for Friday, July 5, 2013.
By United Press International

The almanac

UPI Almanac for Thursday, July 5, 2012.
By United Press International

Aussie state police incur tickets

MELBOURNE, July 31 (UPI) -- Police officials in the Australian state of Victoria said about one third of top police brass have been caught speeding and issued fines.

The almanac

UPI Almanac for Thursday, June 19, 2008.
By United Press International

The Almanac

UPI almanac for Saturday, July 7, 2007.

The Almanac

UPI almanac for Thursday, July 5, 2007.

The Almanac

UPI almanac for Tuesday, June 19, 2007.

eBay reports low bids on Ken Lay's desk

HOUSTON, March 25 (UPI) -- U.S.-based Internet auction site eBay announced there have been no winners so far in the bidding for the desk of the late Enron founder Ken Lay.

Enron's accountant gets 5.5 years

HOUSTON, Nov. 16 (UPI) -- A Houston federal judge sentenced Enron Corp.'s former chief accountant to 5.5 years behind bars for his role in the scam that killed the company

Enron's Skilling gets 24 years in prison

HOUSTON, Oct. 23 (UPI) -- The former head of Houston's Enron Corp. drew a 24-year-four-month prison sentence Monday in the collapse of the once-mighty energy trading giant. Federal judge Sim Lake sentenced Jeffery Skilling to nearly a quarter century behind bars and ruled that he

Judge vacates Ken Lay's Enron conviction

HOUSTON, Oct. 17 (UPI) -- A Houston judge Tuesday vacated the indictment and criminal conviction of former Enron Corp. Chairman Ken Lay, who died July 5 of a heart attack. U.S. District Judge Sim Lake's action followed a request by Lay's estate, the Houston Chronicle reported Tues

Feds seek power to preserve convictions

HOUSTON, Sept. 7 (UPI) -- U.S. prosecutors want Congress to pass a law so the death of former Enron Corp. chairman Ken Lay won't result in a clean criminal record. Justice Department lawyers filed a draft of a proposed law in federal court that would stop judges from vacating crim

Motion seeks to erase Lay's conviction

HOUSTON, Aug. 17 (UPI) -- Lawyers for Kenneth Lay want a Houston judge to erase his conviction, saying the former Enron Corp. head died before the jury verdict could be appealed.
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Photos
Ken Lay
Former Enron chairman and CEO Ken Lay walks to the Bob Casey US Court House with his wife, Linda, Wednesday, May 15, 2006 in Houston, Texas. The Enron Task Force and lawyers for Ken Lay and Skilling will begin closing arguments as the 15-week trial begins to wind down.(UPI Photo/Johnny Hanson)
Wiki

Dr. Kenneth Lee "Ken" Lay (April 15, 1942 – July 5, 2006) was an American businessman, best known for his role in the widely reported corruption scandal that led to the downfall of Enron Corporation. Lay and Enron became synonymous with corporate abuse and accounting fraud when the scandal broke in 2001. Lay was the CEO and chairman of Enron from 1985 until his resignation on January 23, 2002, except for a few months in 2000 when he was chairman and Jeffrey Skilling was CEO.

On July 7, 2004, Lay was indicted by a grand jury on 11 counts of securities fraud and related charges. On January 31, 2006, following four and a half years of preparation by government prosecutors, Lay's and Skilling's trial began in Houston. Lay was found guilty on May 25, 2006, of 10 counts against him; the judge dismissed the 11th. Because each count carried a maximum 5- to 10-year sentence, legal experts said Lay could have faced 20 to 30 years in prison. However, he died while vacationing in Snowmass, Colorado on July 5, 2006, about three and a half months before his scheduled October 23 sentencing. Preliminary autopsy reports state that he died of a heart attack caused by coronary artery disease. As a result of his death, on October 17, 2006, the federal district court judge who presided over the case vacated Lay's conviction. There have been conspiracy theories surrounding his death.

Lay was born in Tyrone, Missouri, the son of Ruth (née Rees) and Omer Lay. His father was a Baptist preacher and some-time tractor salesman. When Lay was a child, he delivered newspapers and mowed lawns. Early on, he moved to Columbia, Missouri and attended David H. Hickman High School and the University of Missouri where he studied economics, receiving a B.A. in 1964 and an M.A. in 1965. He served as president of the Zeta Phi chapter of the Beta Theta Pi fraternity at the University of Missouri. He went on to earn his Ph.D. in economics from the University of Houston in 1970 and soon after went to work at Exxon Mobil Corp., the successor to Humble Oil & Refining.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Ken Lay."
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