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Ken Lay dead

by AccountancyAge.com

05 Jul 2006

Ken Lay, former Enron CEO, has died, reports said today.

A family spokeswoman told CNN that Lay died early this morning in Aspen. He was 64 and is beleived to have suffered heart failure.

In a statement, spokeswoman Kelly Kimberly said, 'The Lays have a very large family with whom they need to communicate, and out of respect for the family we will release further details at a later time.'

In May, Lay was found guilty of nine counts of fraud and conspiracy related to the collapse of Enron, the company whose collapse has become a byword for corporate scandal.

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