Ken Lay, Enron founder, dies of heart attack

NEW YORK (CNNMoney.com) — Enron founder Kenneth Lay died early Wednesday in Aspen, a family spokeswoman said. He was 64.

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 he founded that grew into the seventh largest company before it imploded after an accounting scandal.

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