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Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman who was the founder, chief executive officer and chairman of Enron. He was heavily involved in Enron's accounting scandal that unraveled in 2001 into the largest bankruptcy ever to that date.
The trial of Kenneth Lay, former chairman and CEO of Enron, and Jeffrey Skilling, former CEO and COO, was presided over by federal district court Judge Sim Lake in the Southern District of Texas in 2006 in response to the Enron scandal.
Enron was founded in 1985 by Kenneth Lay in the merger of two natural-gas-transmission companies, Houston Natural Gas Corporation and InterNorth, Inc.; the merged company, HNG InterNorth, was renamed Enron in 1986.
Feb 28, 2023 · Learn about the role of Ken Lay, the former chairman and CEO of Enron, in the accounting fraud that led to the company's collapse in 2001. Find out how he died before his sentencing and what happened to other Enron executives involved in the scandal.
Jul 5, 2006 · Kenneth L. Lay, the former chairman and chief executive of Enron who was convicted of fraud and conspiracy in the giant energy company's collapse, died today at his home in Aspen, Colo. He...
May 25, 2006 · HOUSTON, May 25 — Kenneth L. Lay and Jeffrey K. Skilling, the chief executives who guided Enron through its spectacular rise and even more stunning fall, were found guilty today of fraud and ...
May 25, 2006 · A jury found the former Enron executives guilty of multiple charges related to the collapse of the energy giant in 2001. They faced up to 185 and 120 years in prison, respectively, and appealed their verdicts.
