On this day: July 5

POSTED: 02:38 PM PDT Jun 27, 2012    UPDATED: 11:00 PM PDT Jul 04, 2016 

History's greatest showman is born, a war begins, and two of man's greatest inventions are unveiled, all on this day.

OTD July 5 - Kenneth Lay
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United States Marshals Service

2006: Kenneth Lay, the businessman whose name became synonymous with corporate abuse and accounting fraud when the Enron scandal broke in 2001, dies of a heart attack at age 64 in Snowmass, Colorado. Lay was the CEO and chairman of Enron for most of the time between 1985 and his resignation in January 2002. He was convicted in the spring of 2006 for conspiracy and fraud for his role in Enron's collapse and was awaiting sentencing when he died.


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