• search

Enron founder Ken Lay dead of heart attack

Written by: Staff

HOUSTON, July 5 (Reuters) Enron Corp. founder and former Chief Executive Ken Lay, who was convicted in May for his role in the Houston-based company's downfall, died after suffering a heart attack today at his vacation home in Colorado.

''Ken Lay passed away early this morning in Aspen,'' Lay family spokeswoman Kelly Kimberly said statement.

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

Lay and former Enron Chief Executive Jeffrey Skilling were convicted of fraud and conspiracy for hiding the financial ruin at Enron, which tumbled into bankruptcy in December 2001.

Lay, once a confidant of former President George H W Bush and dubbed ''Kenny boy'' by President George W Bush, often appeared fatigued during the four-month trial, but there was no indication that he had suffered any adverse health effects.

Enron started as a quiet pipeline company and under Lay's guidance grew into an international energy powerhouse, but imploded in a wave of accounting scandals.

Pitkin County sheriff's deputies and an ambulance were dispatched to the Lay vacation home early Wednesday morning and transported him to Aspen Valley Hospital. He was pronounced dead there shortly after 0300 hrs local time.

''A coroner's autopsy is pending. There will be no further information or press release from this office, until autopsy results are available later this week,'' the county said in a statement.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more