Simplify the following text for a Grade 7 native English-speaking person.
Original: On May 25 , 2006 , he was found guilty on all six counts of conspiracy and fraud by a jury of eight women and four men and in a separate bench trial , The judge ruled that he was guilty of four counts of fraud and false statements .
Simplified: On May 25 , 2006 , Lay was found guilty on all six counts of conspiracy and fraud by a jury of eight women and four men . In a separate bench trial , Judge Lake ruled Lay was guilty of four counts of fraud and false statements .