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.

Lawyer for Ken Lay seeks prosecutor talks

WASHINGTON, June 29 (UPI) -- A lawyer for the former chairman of bankrupt Enron was in Washington Tuesday hoping to talk with prosecutors, the Houston Chronicle reported.

Report: Feds seek to indict Ken Lay

HOUSTON, June 19 (UPI) -- Federal prosecutors plan to seek a grand jury indictment of Ken Lay on charges stemming from Enron's collapse in 2001, the Houston Chronicle said Saturday.

Enron employees to get $85 million

HOUSTON, May 12 (UPI) -- Attorneys announced an $85 million partial settlement Thursday in Houston in a class-action lawsuit filed by current and former Enron employees.

Ex-Enron CEO pleads innocent to charges

HOUSTON, Feb. 19 (UPI) -- Former Enron Chief Executive Officer Jeffrey Skilling pleaded innocent Thursday in Houston to charges of insider trading, fraud and conspiracy. Skilling, 50, appeared before a federal magistrate after surrendering earlier in the day to FBI agents and bei

U.S. officials consider charging Ken Lay

WASHINGTON, Feb. 2 (UPI) -- U.S. officials are exploring whether there are grounds to bring criminal charges against Kenneth Lay, former chairman of Houston's Enron Corp.

Double standard hurting Martha Stewart?

WASHINGTON, Jan. 22 (UPI) -- Will Martha Stewart really get her unbiased day in court? Some say that a double standard leaves no room for Stewart and other businesswomen in the Bad Boys' Cl
DAR HADDIX, UPI Business Correspondent

Attorney: Lay to address Enron scandal

HOUSTON, Jan. 16 (UPI) -- Former Enron Chairman Ken Lay will publicly address the company's scandal within a few weeks, according to his Houston attorney.

Judge offers to accept Fastow plea

HOUSTON, Jan. 8 (UPI) -- A federal judge in Houston said Thursday he would accept a guilty plea from former Enron assistant treasurer Lea Fastow.

The Bear's Lair: Options-A Modest Proposal

WASHINGTON, Oct. 20 (UPI) -- Like a vampire whose captors can't find a silver stake, un-expensed stock options still wander among us, distorting earnings comparisons wherever they alight. The Financial Accounting Standards Board has now announced it won't produce a definitive ruling
MARTIN HUTCHINSON, UPI Business and Economics Editor

Enron rap called 'NRun'

HOUSTON, Oct. 20 (UPI) -- A former technical manager for Enron in Houston is taking his ex-employer to task in a rap song titled, "NRun."

Jockstrip:The world as we know it

In a new book about Enron, "The Smartest Guys in the Room," there's a passage reminiscent of Nero's fiddling while Rome burns.
ALEX CUKAN, United Press International

Think tanks wrap-up V

WASHINGTON, April 17 (UPI) -- The UPI think tank wrap-up is a daily digest covering opinion pieces, reactions to recent news events and position statements released by various think tanks. This is the fifth of several wrap-ups for April 17.

Supply Side Insanity

WASHINGTON, March 31 (UPI) -- "This looks like a rerun of a bad movie." So says President George W. Bush when it comes to the failures and limitations of Iraq weapons inspections. He should of, however, been using this phrase to discuss another left-over policy failure of his father's
CLIFF SCHECTER, A UPI Outside View commentary

Supply side insanity

WASHINGTON, Jan. 29 (UPI) -- "This looks like a rerun of a bad movie." So says our President when it comes to Iraq inspections heresy. He should of, however, been using this phrase to discu
CLIFF SCHECTER, A UPI Outside view commentary
Page 5 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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