Early Career and Rise of Enron
Kenneth Lee Lay was an American businessman who co-founded Enron Corporation and served as its chairman and CEO. Under his leadership, Enron grew into one of the largest U.S. energy companies before its sudden collapse.
The Enron Scandal and Criminal Charges
Enron filed for bankruptcy in December 2001 after widespread accounting fraud was uncovered. Lay was indicted on charges of conspiracy, securities fraud, and making false statements to auditors. He pleaded not guilty and was set to stand trial.
Death and Aftermath
In July 2006, while awaiting sentencing, Ken Lay died of a heart attack at age 64. His death led to the dismissal of his criminal case. The Enron scandal remains a major example of corporate fraud and regulatory failure. Learn more about Ken Lay.
