Person

Kenneth Lay

Founder of Enron; convicted in 2006, died before sentencing, and the conviction was vacated.

4 links, 1 backed by primary records

Legal records

United States v. Lay

25 May 2006 Convicted by U.S. District Court for the Southern District of Texas: six counts by the jury (conspiracy, wire fraud, securities fraud) and four by Judge Lake in a bench trial (bank fraud, false statements to banks) 1 2
17 Oct 2006 Decision overturned by U.S. District Court for the Southern District of Texas: conviction vacated and indictment dismissed after his death, under the Fifth Circuit rule that a death pending appeal ends the case 3 4

Connections 4

U.S. District Court for the Southern District of Texas 25 May 2006 six counts by the jury (conspiracy, wire fraud, securities fraud) and four by Judge Lake in a bench trial (bank fraud, false statements to banks) Primary record 1 2

U.S. District Court for the Southern District of Texas 17 Oct 2006 conviction vacated and indictment dismissed after his death, under the Fifth Circuit rule that a death pending appeal ends the case Scholarship & press 3 4

Timeline 2 dates

Proof 4 sources

Federal Jury Convicts Former Enron Chief Executives Ken Lay, Jeff Skilling On Fraud, Conspiracy And Related Charges, U.S. Department of Justice, Criminal Division, 25 May 2006. Primary record
Lay, 64, was convicted on all of the six counts with which he was charged: conspiracy, two counts of wire fraud and three counts of securities fraud.
Lay was also convicted at a separate bench trial before Judge Lake of one count of bank fraud and three counts of making false statements to banks.
Lay, Skilling guilty on nearly all counts, NBC News (msnbc.com news services), 25 May 2006. Scholarship & press
I firmly believe I am innocent of the charges against me, as I have said from Day One.
Judge Vacates Kenneth Lay Conviction, CBS News (Associated Press), 17 Oct 2006. Scholarship & press
Lay died of heart disease July 5 while vacationing with his wife, Linda, in Aspen, Colo.
A federal judge Tuesday vacated the conviction of Enron’s late founder Kenneth Lay, wiping out a jury’s verdict that he committed fraud and conspiracy in one of the biggest corporate frauds in U.S. history.
Lay was convicted of 10 counts of fraud, conspiracy and lying to banks in two separate cases on May 25.
Judge throws out convictions of Enron’s Lay, NBC News (Associated Press), 17 Oct 2006. Scholarship & press
Lay died of heart disease July 5 while vacationing with his wife, Linda, in Aspen, Colo.

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