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http://wfrv.com/topstories/topstories_story_186100510.htmlr
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Jul 5, 2006 9:22 am US/Centraln
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Convicted Enron Founder Ken Lay Dies{R
CBS News Interactive: Enron's Troubles(&SL
(CBS) NEW YORK Convicted Enron CEO Kenneth Lay has died in Aspen, Colo., possibly of a heart attack, according to media reports broadcast Wednesday morning. Lay was convicted of federal charges in one of the biggest corporate scandals in U.S. history.]D
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Several media outlets cited "family sources" on the information at 10:00 a.m. Lay was 64.^Q2
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Lay and former Enron president Jeff Skilling were convicted in May of lying to investors and employees about Enron's health before the company collapsed into bankruptcy protection in December 2001.;_'@m8
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The collapse obliterated more than $60 billion in market value, almost $2.1 billion in pension plans and, initially, 5,600 jobs.K7.#
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Court observers said the two disgraced corporate chiefs faced prison sentences ranging from less than a decade to more than 30 years. Both were also are likely to face the possibility of millions of dollars in fines./!
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(© 2006 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)_I
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2006/07/05 10:27pm 
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