Enron founder Ken Lay dead of heart attack
HOUSTON (Reuters) - Enron Corp. founder and chief executive Ken Lay, who was convicted in May for his role in the in the Houston-based company's downfall, died of a heart attack on Wednesday at his vacation home in Colorado.
"Ken Lay passed away early this morning in Aspen," Lay family spokeswoman Kelly Kimberly said in a statement.
Lay, 64, was awaiting sentencing later this year and was expected to face a lengthy prison term for his convictions in the Enron collapse.
Lay and former Enron Chief Executive Jeffrey Skilling were convicted of fraud and conspiracy for hiding the financial ruin at Enron, which collapsed into bankruptcy in December 2001.
HOUSTON (Reuters) - Enron Corp. founder and chief executive Ken Lay, who was convicted in May for his role in the in the Houston-based company's downfall, died of a heart attack on Wednesday at his vacation home in Colorado.
"Ken Lay passed away early this morning in Aspen," Lay family spokeswoman Kelly Kimberly said in a statement.
Lay, 64, was awaiting sentencing later this year and was expected to face a lengthy prison term for his convictions in the Enron collapse.
Lay and former Enron Chief Executive Jeffrey Skilling were convicted of fraud and conspiracy for hiding the financial ruin at Enron, which collapsed into bankruptcy in December 2001.
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