Earlier trial sought on some Lay charges

HOUSTON, April 5 (UPI) -- Prosecutors want to move up the Houston trial date of former Enron chairman Ken Lay on personal banking fraud charges.

Enron trials will stay in Houston

HOUSTON, Jan. 19 (UPI) -- A Houston judge Wednesday rejected defense motions to move the trials of top former Enron officials from the Texas city. U.S. District Judge Sim Lake said Ken Lay, Jeff Skilling and Rick Causey could find a fair jury among residents in the Houston area, t

Enron's Ken Lay uses Web site for support

HOUSTON, Jan. 9 (UPI) -- Ken Lay, the former head of Houston-based Enron, is using his own Web site to put his side of things out to the public and reporters.

Edwards attacks Cheney's Halliburton ties

CLEVELAND, Oct. 5 (UPI) -- Sen. John Edwards charged Vice President Dick Cheney with doing business with two U.S. enemies -- Iran and Libya -- when he was was the head of Halliburton.

More separate trials sought in Enron case

HOUSTON, Aug. 20 (UPI) -- Two more former Enron Corp. executives Friday requested separate criminal trials.

Lay won't get requested September trial

HOUSTON, Aug. 12 (UPI) -- Former Enron Corp. Chairman Ken Lay had requested a trial in September on federal charges, but he won't get it.

Lay asking for early trial

HOUSTON, Aug. 10 (UPI) -- Former Enron Corp. Chairman Ken Lay has asked for a trial as early as September and court records say he has put up $15 million for his legal defense.

Former Enron executive pleads guilty

HOUSTON, July 30 (UPI) -- The former head of Enron Corp.'s broadband Internet business pleaded guilty Friday in Houston to a charge of securities fraud.

Words Matter:What Ken, Martha haven't said

DALLAS, D.C., July 26 (UPI) -- Ken Lay, former Enron CEO, and home diva Martha Stewart dominated the news recently. Lay was indicted and Stewart sentenced to jail. Even more interesting than

Martha: The wrong crime at the wrong time

WASHINGTON, July 19 (UPI) -- While some recent legal campaigns against some high-powered executives have fizzled -- including executives from Tyco and Adelphia -- the prosecution and convic
DAR HADDIX, UPI Business Correspondent

Edwards 'proud' to stand with Kerry

WASHINGTON, July 10 (UPI) -- In a U.S. radio address Saturday, Sen. John Edward, said, "Nothing makes me prouder than to stand with John Kerry."

Lay rejects criminal allegations

HOUSTON, July 8 (UPI) -- Former Chairman and CEO Ken Lay said Thursday, after a Texas court hearing, he accepts responsibility for Enron's collapse, but is not guilty of any crime.

Lay pleads innocent in Houston

HOUSTON, July 8 (UPI) -- Former Enron Chairman Ken Lay pleaded innocent Thursday to federal charges of conspiracy, fraud and making false statements in the collapse of the company. Lay was ordered released on a $500,000 bond after his appearance before a federal magistrate in Hou

Report: Grand jury indicts Ken Lay

HOUSTON, July 7 (UPI) -- A Houston grand jury Wednesday returned a sealed indictment against former Enron Chairman Ken Lay, the Houston Chronicle reported.

Report: Lay may be indicted

HOUSTON, July 7 (UPI) -- A Houston grand jury returned a sealed indictment Wednesday that may contain charges against former Enron chairman Ken Lay, the Houston Chronicle reports.
Page 4 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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