Friday, May 10, 2013
13-05-09 Enron's Jeff Skilling May Get Decade Knocked Off Sentence
TEN YEARS EARLY
THE ART OF THE DEAL
May 8 (Bloomberg) -- Jeffrey Skilling, the convicted former Enron CEO, may get out of prison in four years if a federal judge approves a deal proposed by the Justice Department.
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Bloomberg
Jeffrey Skilling, the convicted former Enron Corp. chief executive officer, may get out of prison in as little as four years if a judge approves a deal with prosecutors over objections by victims of one of the biggest corporate frauds in U.S. history. In exchange for getting as many as 10 years cut from his 24-year sentence, Skilling will drop his bid for a new trial and end litigation over his conviction. A jury found he spearheaded a fraud of as much as $40 billion that destroyed the world’s largest energy trader in 2001.
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