
Originally Posted by
FoxNews Website Coroner: Enron's Lay Dies of Coronary Artery Disease
Wednesday, July 05, 2006
HOUSTON — Enron Corp. founder and former CEO Kenneth Lay, who was convicted for his role in one of the largest instances of business fraud in U.S. history, died of coronary artery disease and there was no evidence of foul play, according to a forensic pathologist who performed the autopsy.
Mesa County Coroner Robert Kurtzman told reporters in a televised news conference in Grand Junction, Colo., Wednesday that his preliminary examination showed clogged coronary arteries to be the cause of death. Lay died hours earlier on Wednesday while vacationing at a rental home near Aspen.
Lay was awaiting an Oct. 23 sentencing for his convictions in the Enron collapse and was expected to face a lengthy prison term.
Nicknamed "Kenny Boy" by President Bush, Lay led Enron's meteoric rise from a staid natural gas pipeline company formed by a 1985 merger to an energy and trading conglomerate that reached No. 7 on the Fortune 500 in 2000 and claimed $101 billion in annual revenues.
He was convicted May 25 along with former Enron CEO Jeffrey Skilling of defrauding investors and employees by repeatedly lying about Enron's financial strength in the months before the company plummeted into bankruptcy protection in December 2001. Lay was also convicted in a separate non-jury trial of bank fraud and making false statements to banks, charges related to his personal finances.