Kenneth L. Lay, Ex-Chairman of
The New York Times
Wednesday 05 July 2006
Houston - Enron's founder and chairman, Kenneth L. Lay, died of a heart attack at his vacation home in Colorado, according to his spokeswoman.
"Ken Lay passed away early this morning in Aspen. The Lays have a very large family with whom they need to communicate. And out of respect for the family, we will release further details at a later time," Kelly L. Kimberly said in a statment this morning.
In May, Mr. Lay was found guilty on six counts of fraud and conspiracy and four counts of bank fraud. The former chief executive, Jeffrey K. Skilling, was convicted of 18 counts of fraud and conspiracy and one count of insider trading.