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Review: Levitt's 'Take on the Street'

WASHINGTON, Dec. 10 (UPI) -- In June of 2000, a meeting was held in midtown Manhattan between representatives of the U.S. Securities and Exchange Commission and the heads of three of the Big Five accounting firms. Heading up the SEC delegation was the then agency Chairman Arthur Lev
THOMAS J. TIMMONS, Special to UPI

Celebrities urge Bush to avoid Iraq war

LOS ANGELES, Dec. 10 (UPI) -- More than 100 Hollywood celebrities have written to President Bush, urging him to avoid a first-strike war with Iraq.

Sept. 11: George W. Bush's moment

The attacks on that September morning startled him, perhaps even shook him for a time and history may never know the truth. But very quickly George W. Bush, an inexperienced president, just finishing the eighth month of what the media had already decided
NICHOLAS M. HORROCK, UPI Chief White House Correspondent

Report: Tough case against Ken Lay

HOUSTON, Aug. 26 (UPI) -- While federal prosecutors investigating the collapse of Enron Corp. are preparing a case against former Chief Financial Officer Andrew Fastow, they are having a

Hollywood Digest

OF COURSE, IT HELPED TO HAVE 'SPIDER-MAN' Sony Pictures has set a new standard for box-office performance by a U.S. distributor -- taking in nearly $1.3 billion already in 2002.
PAT NASON, UPI Hollywood Reporter

Hot Buttons: Talk show topics

A covert American program provided Iraq with critical assistance in its war with Iran at a time when American intelligence agencies knew Iraqi commanders would employ chemical weapons, The New York Times reports.
ALEX CUKAN, United Press International

Hot Buttons: Talk show topics

MORE PARENTLESS FAMILIES
ALEX CUKAN, United Press International

Analysis: Bush, afloat in sea of troubles

WASHINGTON, July 23 (UPI) -- Less than 10 months after leading a heroic defense of his country against a horrendous terrorist attack, President George W. Bush is surrounded by a sea of poli
NICHOLAS M. HORROCK, UPI Chief White House Correspondent

White House Watch: Credibility problem

WASHINGTON, July 17 (UPI) -- As he often does, President George W. Bush took on a slightly pained expression Wednesday when a reporter asked him why he wouldn't release SEC documents about
NICHOLAS M. HORROCK, UPI Chief White House Correspondent

U.S. papers editorialize on Bush speech

U.S. newspaper editorial comment on President Bush's Wall Street speech on corporate greed.

Culture Vulture: Letter from Arafat

WASHINGTON, July 2 (UPI) -- The Culture Vulture obtained an exclusive look at a letter that was drafted by Yasser Arafat, leader of the Palestinian Authority, in reply to President George
CLAUDE SALHANI

Feature: Enron demise on message board

CHICAGO, May 9 (UPI) -- A professor at Central Michigan University says his research indicates people with inside information posted messages warning of Enron's demise as long as four
MARCELLA S. KREITER

Jockstrip: The World As We Know It

THE RICH, THEY ARE NOT LIKE YOU AND ME A Mediterranean-style waterfront estate located on Miami-Dade County's Star Island has just gone on the market. Asking price: a cool $23 million.
PENNY NELSON BARTHOLOMEW, United Press International

Think Tanks Wrap-up

WASHINGTON, April 30 (UPI) -- The UPI think tank wrap-up is a daily digest covering brief opinion pieces, reactions to recent news events and position statements released by various think tanks.
Page 6 of 8
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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