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Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman who was the founder, chief executive officer and chairman of Enron. He was heavily involved in Enron's accounting scandal that unraveled in 2001 into the largest bankruptcy ever to that date.
The trial of Kenneth Lay, former chairman and CEO of Enron, and Jeffrey Skilling, former CEO and COO, was presided over by federal district court Judge Sim Lake in the Southern District of Texas in 2006 in response to the Enron scandal.
Enron was founded in 1985 by Kenneth Lay in the merger of two natural-gas-transmission companies, Houston Natural Gas Corporation and InterNorth, Inc.; the merged company, HNG InterNorth, was renamed Enron in 1986.
Feb 28, 2023 · The principal actors in the accounting fraud were Chairman/Chief Executive Officer (CEO) Ken Lay, CEO Jeff Skilling, and Chief Financial Officer (CFO) Andrew Fastow.
Jul 5, 2006 · Enron Corp. founder Kenneth Lay, who faced decades in prison for one of the most sprawling business frauds in U.S. history, died Wednesday while vacationing in Aspen, Colo. He was 64.
Feb 22, 2019 · Mr. Skilling and Kenneth Lay, Enron’s founder, were convicted after the Houston-based energy company collapsed in 2001 in one of the most high-profile cases of corporate fraud in America.
May 25, 2006 · HOUSTON, May 25 — Kenneth L. Lay and Jeffrey K. Skilling, the chief executives who guided Enron through its spectacular rise and even more stunning fall, were found guilty today of fraud and ...
