Enron’s Kenneth Lay reportedly dead
CNBC reports that former Enron’s exec died of heart attack
HOUSTON - Enron Corp. founder Ken Lay, who was convicted last month of fraud and conspiracy for his part in the Houston-based company’s collapse into bankruptcy in 2001, has died of a heart attack at his vacation home in Colorado, a Houston television station reported on Wednesday.
KHOU-TV, a CBS affiliate, said Lay suffered a massive heart attack. He was awaiting sentencing later this year and was expected to face a lengthy prison term for his convictions in the Enron collapse.
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I just heard about this on WBEN. I wish all convicts facing lengthy terms or the death penalty would die just like this, so it’s not wasting tax money as much.
64, the poster child for corrupt CEO’s, knowing shortly you’ll be spending the rest of your life in jail, living under that kind of stress for years? I don’t doubt the heart attack at all.
I dunno… Life seemed to get better for him when he “died”
in texas if you die before your sentencing your case will most likely be dropped (Because you can no longer appeal etc)…
Also now that his assets are no longer his… Class action suits just got a whole lot harder. His estate will not 100% be protected from class action and other civil suits, , but I’m sure a lot more is protected than when he was alive.