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.
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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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