Skilling ends testimony in Enron trial

HOUSTON, April 20 (UPI) -- Jeffrey Skilling wrapped up his testimony in a Houston courtroom Thursday, telling reporters afterwards he has had a "tough six years" since Enron collapsed.

Jeff Skilling grilled by Enron prosecutor

HOUSTON, April 17 (UPI) -- A U.S. prosecutor began cross-examining Enron Corp.'s former chief executive Jeff Skilling Monday with a blistering attack on his character.

Former Enron CEO set to testify

HOUSTON, April 6 (UPI) -- The Houston trial of Enron Corp.'s former leaders is set to take an unusual turn as one of the defendants prepares to testify.

Key govt. witness in Enron case testifies

HOUSTON, March 7 (UPI) -- A top prosecution witness in the trial of Enron Corp.'s two former leaders said Tuesday he formed partnerships to hide massive losses from Wall Street.

Key Enron prosecution witness this week

HOUSTON, March 6 (UPI) -- The star prosecution witness in the Houston trial of Enron Corp.'s former leaders is expected to give his testimony this week.

Enron prosecutor vows insider glimpses

HOUSTON, Jan. 31 (UPI) -- The prosecutor in Houston's trial of two former Enron Corp. leaders promised jurors Tuesday he would spell out the sleaze that brought down the company.

Enron case won't be moved from Houston

HOUSTON, Jan. 25 (UPI) -- The judge running the fraud and conspiracy trial of Enron Corp.'s former top executives is keeping the trial in Houston.

Former Enron employees have mixed feelings

HOUSTON, Jan. 22 (UPI) -- Former Enron employees have mixed feelings about former Chairman Ken Lay and CEO Jeffrey Skilling as their fraud and conspiracy trial draws near.

Enron's former top accountant admits guilt

HOUSTON, Dec. 28 (UPI) -- The former Enron Corp. chief accounting officer pleaded guilty Wednesday in a coup for prosecutors taking aim at the company's former leaders.

Enron officer, prosecutor may reach deal

HOUSTON, Dec. 25 (UPI) -- Negotiations between U.S. prosecutors and the former Enron chief accounting officer may produce a deal as early as this week, sources say.

Enron jury selection starts next week

HOUSTON, Oct. 28 (UPI) -- A federal judge in Houston is preparing to impanel a jury to try Enron Corp. leaders, including former chairman Ken Lay.

The Almanac

Today is Thursday, July 7, the 188th day of 2005 with 177 to follow.
By United Press International

The Almanac

Today is Sunday, June 19, the 170th day of 2005 with 195 to follow.
By United Press International

Lea Fastow leaves prison

HOUSTON, June 6 (UPI) -- The wife of former Enron exec Andrew Fastow left a Houston federal detention center Monday after serving an 11-month sentence on a misdemeanor tax charge.

Judge wants to talk about Lay trial date

HOUSTON, April 6 (UPI) -- A Houston judge Wednesday ordered lawyers to court next week to discuss the trial date on personal banking charges against former Enron chairman Ken Lay. U.S. District Judge Sim Lake scheduled the meeting April 15 after prosecutors earlier this week reque
Page 3 of 8
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)

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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