UPI Almanac for Sunday, May 25, 2014

UPI Almanac for Sunday, May 25, 2014

UPI Almanac for Sunday, May 25, 2014
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UPI Almanac for Saturday, May 25, 2013.
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Enron cases continue seven years later

Enron cases continue seven years later

HOUSTON, Aug. 7 (UPI) -- Federal prosecutors are fighting to preserve the integrity of the Enron prosecutions to prove they had the right approach, court and Wall Street observers said.

The almanac

UPI Almanac for Sunday, May 25, 2008.
By United Press International

Rice gets 27-month sentence in Enron case

HOUSTON, June 18 (UPI) -- The former executive of Enron's Internet unit who testified in the fraud case against the Houston company's officials was sentenced to 27 months in prison.

The Almanac

UPI almanac for Friday, May 25, 2007.
By United Press International

Precedent may erase Enron guilty verdict

HOUSTON, Aug. 28 (UPI) -- The guilty verdict against Enron founder Kenneth Lay of Houston could be wiped out due to a legal precedent set by the U.S. Fifth Circuit Court of Appeals.

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.

Wikipedia confusion follows Lay death

ASPEN, Colo., July 10 (UPI) -- The death of Enron founder Kenneth Lay had been repeatedly misrepresented on Internet encyclopedia Wikipedia before the facts were set right.

Globe Talk: Enron's broadband debacle

WASHINGTON, June 2 (UPI) -- Enron was nothing if not flamboyant and eager to pursue the latest business trends. While its focus was on energy trading, it had expanded into telecommunicatio
SHIHOKO GOTO, UPI Senior Business Correspondent

Kinder Morgan LBO proposed

HOUSTON, May 30 (UPI) -- Kinder Morgan Inc.'s leaders want to take the big Houston pipeline company private in a $13.5 billion deal.

Enron jury begins deliberations

HOUSTON, May 17 (UPI) -- A Houston jury Wednesday began deliberating the fate of the former leaders of Enron Corp., an energy company that collapsed in a massive accounting scandal. Kenneth Lay, Enron's 64-year-old former chairman, and Jeffrey Skilling, the 52-year-old former chi


HOUSTON, May 12 (UPI) -- A Houston jury Friday xxxxxxxxxx the former leaders of once-mighty Enron Corp., an energy trading giant that collapsed in a massive accounting scandal.

Lay acknowledges giving false impression

HOUSTON, April 27 (UPI) -- Kenneth Lay defended his failure to report his sales of Enron stock in 2001 as he spent a second day under cross-examination Thursday in Houston.
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Kenneth Lay
WAP2002020589 - WASHINGTON, Feb. 5, (UPI)--Sen. Barbara Boxer, D-Calif., moments before the Senate Commerce Committee voted on Feb. 5, 2002, to issue a subpoena to former chairman of Enron Corp., Kenneth Lay. rw/Ricardo Watson UPI

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 "Kenneth Lay."
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