The veteran businessman from Enron, Ken Lay, dies of coronary artery disease in Colorado. He died just after six weeks when a jury convicted him along with Enron’s chief executive officer Jeffery Skilling, of fraud and conspiracy in the Enron’s fall into bankruptcy in 2001.



Legal expert say that the sudden demise of Ken Lay will for sure ruin the U.S. prosecutors’ endeavor to seize $43.5 million, what they charged the former chief executive earned through unlawful activities at Enron Corp.



Interestingly, now the conviction does not stand as Lay died before his sentencing and appeal, henceforth the financial claim made by the U.S. government cannot be proceed. Now it will be interesting to see what step Justice Department takes on the issue.



Via CNN