Kenneth Lay, founder of energy giant Enron was found guilty of 11 charges of fraud and conspiracy that led to the company's collapse.

Enron's bankruptcy in December 2001 was one of the biggest in US history. About 20,000 employees lost their jobs and investors lost billions.

He died before the sentencing, which was scheduled on 23 October 2006. Lay died on July 5, 2006 while vacationing in Colorado.