Enron founder Ken Lay dies in Aspen, Colorado
{{date|July 5, 2006}}

[[w:Ken Lay|Kenneth L. Lay]], the [[w:Enron|Enron]] ex-chief executive and ex-chair, died early Wednesday morning at his vacation home at the age of 64 after a massive coronary attack, according to a family spokesperson.

Lay was found guilty of six counts of fraud and conspiracy related to the [[w:Enron scandal|Enron scandal]] on May 25, 2006 and convicted on four counts of bank fraud in a separate non-jury trial. He was awaiting a sentencing on October 23 and faced the possibility of spending the rest of his life in prison.

In 2001, Enron went bankrupt with debts of $31.8bn (£18bn), and 4,000 people were left jobless. 

As a result of Lay's death prior to exhausting his appeals, his conviction is abated, and Lay is legally considered never to have been indicted or convicted of criminal charges.

==Sources==
*{{source|url=http://today.reuters.com/News/newsArticle.aspx?type=topNews&storyID=2006-07-05T141111Z_01_N05271279_RTRUKOC_0_US-ENRON-LAY.xml
|title=Enron founder Ken Lay dead of heart attack: report
|author=|pub=Reuters|date=Jul 5, 2006}}

*{{source|url=http://www.nytimes.com/2006/07/05/business/05wire-enron.html?hp&ex=1152158400&en=4dcb7630c39801b3&ei=5094&partner=homepage
|title=Kenneth L. Lay, Ex-Chairman of Enron, Dies
|author=|pub=The New York Times|date=Jul 5, 2006}}

*{{source|url=http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/07/ken_lay_dies_of.html|title=Ken Lay Dies of a Heart Attack|author=Peter Henning|pub=Law Professor Blogs|date=Jul 5, 2006}}

*{{source|url=http://news.bbc.co.uk/1/hi/business/5151140.stm|title=Enron ex-chief Kenneth Lay dies|author=|pub=BBC News|date=Jul 5, 2006}}

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[[Category:Obituaries]]
[[Category:Economy and business]]
[[Category:United States]]
[[Category:North America]]
[[Category:Health]]
Kenneth L. Lay, the Enron ex-chief executive and ex-chair, died early Wednesday morning at his vacation home at the age of 64 after a massive coronary attack, according to a family spokesperson.

Lay was found guilty of six counts of fraud and conspiracy related to the Enron scandal on May 25, 2006 and convicted on four counts of bank fraud in a separate non-jury trial. He was awaiting a sentencing on October 23 and faced the possibility of spending the rest of his life in prison.

In 2001, Enron went bankrupt with debts of $31.8bn (£18bn), and 4,000 people were left jobless. 

As a result of Lay's death prior to exhausting his appeals, his conviction is abated, and Lay is legally considered never to have been indicted or convicted of criminal charges.

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Obituaries Economy and business United States North America Health