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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.
Sep 19, 2024 · 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.
Oct 24, 2024 · 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.
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.
Then CEO and Chairman Kenneth Lay was indicted and convicted, but died before being sentenced. Arthur Andersen LLC was found guilty of illegally destroying documents relevant to the SEC investigation, which voided its license to audit public companies and effectively closed the firm.
Jul 5, 2006 · Ken Lay, the founder of Enron Corp. who faced life in prison for his role in the Texas energy giant's collapse, is dead at 64 of a heart attack.
Jul 31, 2007 · Kenneth Lee Lay, was the son of a rural Baptist preacher who rose to the pinnacle of corporate America as chairman of Enron Corporation before falling to become a symbol of corporate greed, and malfeasance.
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 ...
Jul 5, 2006 · Kenneth L. Lay, the former chairman and chief executive of Enron who was convicted of fraud and conspiracy in the giant energy company's collapse, died today...
Apr 10, 2002 · On August 22, 2001, Enron vice president Sherron Watkins visited chief executive Kenneth Lay in his Houston headquarters and warned him that the company could “implode in a wave of accounting ...
