Enron founder Kenneth Lay Dead of a Heart Attack, Won’t Go to Prison After All

 

Turns out Ken Lay infamous founder of Enron will not see the inside of a prison afterKen Lay all. Ken Lay died of an unexpectedly of a “massive coronary.”  Ken Lay was scheduled to be sentenced Oct. 23 for defrauding Enron investors and employees.

He was taken to Aspen Valley Hospital, where he was pronounced dead at 3:11 am.

Lay had built Enron into a high-profile, widely admired company, the seventh-largest publicly traded in the country. But Enron collapsed after it was revealed the company’s finances were based on a web of fraudulent partnerships and schemes, not the profits that it reported to investors and the public.

The end of Ken Lay’s questEnron_sign

In the end it would appear that Lay even managed to defraud the justice system as he will wind up spending none of his sentence in prison.

Lay, of course, was convicted at the end of May of fraud and conspiracy arising from the collapse of Enron. He and co-defendant Jeff Skilling were awaiting sentencing in October. Both men were expected to serve at least fifteen years in jail – which for the 64-year old Lay was tantamount to a life sentence.

(CNN)

Posted July 5, 2006 by
Crime, Energy, Obituary | 17 comments


If you liked this post, you may also like these:

  • Texas EquuSearch Looking for Missing Southwest Flight Attendant Kenneth Cummings (Mark Mangum Arrested for Murder)
  • Daily Commentary – Wednesday, January 11, 2012 – Broken Heart Increases the Risk of Heart Attack
  • Kenneth G. Hinson Arrested: Another Repeat Rape Offender, What a Shock
  • Daily Commentary – Monday, September 2, 2013 – Veteran Broadcaster David Frost Dead at Age 74, R.I.P
  • Argentinian Judge Issues Arrest Warrant for 2013 Attack on Photographer




  • Comments

    Leave a Reply




    Support Scared Monkeys! make a donation.

     
     
    • NEWS (breaking news alerts or news tips)
    • Red (comments)
    • Dugga (technical issues)
    • Dana (radio show comments)
    • Klaasend (blog and forum issues)
     
     
     
     
     
     
     
    Close
    E-mail It