Kenneth Lay facts for kids
Kenneth Lee Lay
Kenneth Lay's mugshot
|Died||July 5, 2006
|Cause of death||Heart attack|
|Children||Robyn, Mark, David, Elizabeth, and Beau|
|Parent(s)||Omer and Ruth Lay|
Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman and fraudster. He is best known for being involved in the Enron scandal. Lay was indicted by a grand jury in Houston, Texas, for his role in Enron's collapse and was charged with 11 counts of securities fraud, wire fraud, and making false and misleading statements.
On May 25, 2006, he was found guilty on all six counts of conspiracy and fraud by a jury of eight women and four men and in a separate bench trial, The judge ruled that he was guilty of four counts of fraud and false statements. The sentencing was scheduled to take place on 11 September 2006, but it was later rescheduled for 23 October 2006. The scheduled sentencing never took place because Lay died while vacationing of a heart attack in Snowmass, Colorado on July 5, 2006.
Kenneth Lay Facts for Kids. Kiddle Encyclopedia.