Kenneth Lay, the former chairman of the Board of Enron and chief executive officer and Jeffrey Skilling, former chief executive officer and chief operating officer, went on trial for their part in the Enron scandal in January 2006.
The 53-count, 65-page indictment covers a broad range of financial crimes, including bank fraud, making false statements to banks and auditors, securities fraud, wire fraud, money laundering, conspiracy and insider trading.
Lay was convicted on all six counts and Skilling on 19 of 28 counts on May 25, 2006.
On July 5, 2006, Lay died at age 64 while vacationing in Aspen, Colorado, after suffering a heart attack on July 4.
Skilling was convicted and sentenced to 24 years, 4 months in a federal prison on October 23, 2006.
Image: Former Enron CEO Jeff Skilling (L) greets former chairman Kenneth Lay (R) as they walk to the Bob Casey US Courthouse | Photograph: Dave Einsel/Getty Images
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