Ken Lay, Former Enron CEO, Dies of Heart Attack

Enron Corp. founder Ken Lay, who six weeks ago was found guilty in one of the biggest corporate scandals in U.S. history, and who was expected to face decades in prison for his fraud and conspiracy convictions in the Enron collapse, died of a heart attack on Wednesday. He was 64.

Reuters:

Enron Corp. founder Ken Lay died of a heart attack on Wednesday, six weeks after being found guilty of fraud in one of the biggest corporate scandals in U.S. history.

Lay, 64, was awaiting sentencing later this year and was expected to face decades in prison for his fraud and conspiracy convictions in the Enron collapse.

“Ken Lay passed away early this morning,” Lay family spokeswoman Kelly Kimberly said in a statement.

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