Well that's...convenient
Jul. 5th, 2006 02:51 pmEnron founder Ken Lay dead of heart attack
By Matt Daily
HOUSTON (Reuters) - Enron Corp. founder Ken Lay died of a heart attack on Wednesday, six weeks after being found guilty of fraud in one of the biggest corporate scandals in U.S. history.
Lay, 64, was awaiting sentencing later this year and was expected to face decades in prison for his fraud and conspiracy convictions in the Enron collapse.
"Ken Lay passed away early this morning," Lay family spokeswoman Kelly Kimberly said in a statement.
Lay and another former Enron CEO, Jeffrey Skilling, were found guilty of hiding the financial ruin at Enron, the company they built into the seventh largest in the United States. Enron plunged into bankruptcy in December 2001.
Lay, once a confidant of former President George H.W. Bush and dubbed "Kenny boy" by President George W. Bush, often appeared fatigued during the four-month trial, but there was no indication that he had suffered any adverse health effects.
Given the number of lives he gleefully ruined with his avarice and general lack of human decency I can't say I'll be shedding any tears.
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Date: 2006-07-06 12:22 am (UTC)no subject
Date: 2006-07-06 12:56 am (UTC)