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Ken Lay
(redirected from Kenneth Lay)

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Ken Lay
Chairman of the board and CEO of Enron from 1985 to 2002. During his tenure, Enron committed one of the largest accounting frauds in history. As CEO, Lay presided over a company in which many of its assets were either overpriced or completely fictional; losses were hidden in offshore subsidies; and most profits were fraudulent. He was charged with and convicted of securities fraud and other crimes, but he died before he was sentenced. He lived from 1942 to 2006.
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Skilling and Enron founder Kenneth Lay hid company losses and hyped the stock's value while selling their own shares on the sly.
Ex-Enron chief gets new sentence on appeal by AFP / AFP American Edition
His co-defendant, Enron founder Kenneth Lay, died on July 5.
Former Enron boss jailed by Evening Chronicle (Newcastle, England)
His co-defendant, Enron founder Kenneth Lay, died on July 5 and his convictions were vacated last week.
Enron boss sentenced to 24 years by Evening Gazette (Middlesbrough, England)
 
 
 
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